In a recent announcement, Binance confirmed its commitment to the upcoming network upgrade and hard fork of the Optimism (OP) network. Effective January 9, 2025, at 20:00 (UTC+3), the exchange will temporarily suspend deposit and withdrawal services for tokens linked to Optimism while ensuring users experience minimal disruption during the transition.
What is the Timeline for the Upgrade?
The upgrade is set to start on January 9, 2025, at 21:00 (UTC+3). Binance assures users that it will meet all technical prerequisites, facilitating uninterrupted transactions during this crucial time.
How Will Trading Be Affected?
During the hard fork, only deposit and withdrawal actions will pause, while trading activities will proceed without any hindrance. Once the network has stabilized, the deposit and withdrawal processes will resume. Binance has committed to providing all necessary technical assistance to safeguard user transactions throughout this period.
Key points from Binance’s announcement include:
- The network upgrade is scheduled for January 9, 2025, at 21:00 (UTC+3).
- Deposits and withdrawals will stop but trading will continue unaffected.
- Operations will resume following network stabilization.
- No further announcements will be made after the upgrade concludes.
With the upcoming upgrade, Binance remains focused on ensuring a smooth transition for its users while maintaining trading continuity on the Optimism network. The exchange is dedicated to providing comprehensive technical support throughout the upgrade process.