In a new development, the major cryptocurrency exchange Binance has announced its backing for the forthcoming network upgrade and significant hard fork of the altcoin, Zilliqa (ZIL). This crucial update is scheduled for September 24, 2025, temporarily pausing ZIL coin deposits and withdrawals within the Zilliqa network. However, Binance has confirmed that trading of the altcoin will proceed without any disruptions during this period, ensuring continuity for traders.
What Does the Zilliqa Update Involve?
Binance elaborated that the Zilliqa network update and hard fork are anticipated to unfold at approximately 21:00 Turkish Standard Time on September 24, 2025, as the blockchain achieves a level of 10,153,271. Binance will oversee all technical measures related to this process, ensuring that users are not required to undertake any actions.
Will User Transactions be Affected?
Trading operations for the ZIL coin will experience uninterrupted flow during the update, Binance has assured its users. Only the deposits and withdrawals of ZIL coins within the network will face a temporary suspension, restricting these specific transactions for the users during the update timeframe.
Once the network update and hard fork reach completion and stability return, the ZIL coin deposit and withdrawal services will recommence. Binance also stated there would be no additional announcement regarding the restart of these services.
Decision-makers at Binance have emphasized that while trading will remain stable, both deposit and withdrawal functions are expected to become fully operational subsequent to the completion of the network upgrade.
“Through this process, our priority is to ensure that trading continues seamlessly for our users,” stated a Binance representative.
– The network update is scheduled for September 24, 2025.
– Trading remains unaffected, while deposits and withdrawals are temporarily halted.
– Services will resume automatically after the update concludes without further notification.
This systematic suspension of specific transactions highlights Binance’s commitment to maintaining a smooth trading environment even in the face of significant network upgrades. The focus continues to be on user convenience and operational efficiency during transitions.
