Binance Prepares for Major Terra Update: What Users Need to Know – BitRss

Binance has announced its support for an upcoming update on the Terra (LUNA ($0.07)) network. In this context, the exchange will temporarily suspend specific transactions during the network upgrade and hard fork. Binance will handle all technical requirements to maximize user experience.

Significant Changes Coming to the Terra Network

The Terra network will undergo a crucial upgrade and hard fork on March 4, 2025. The upgrade will begin when the block height reaches 14,565,000 and is expected to be completed around 18:32 Turkish time. To prepare for this process, Binance will temporarily suspend deposits and withdrawals on the Terra network starting at 17:32.

Binance Terra LUNA Announcement

Users’ LUNA coin trading activities will not be affected during this process. Binance will manage the situation without requiring any additional actions from users by fulfilling technical requirements within its system. Once the network upgrade is completed and stabilized, deposits and withdrawals will be reactivated. However, Binance will not issue a separate announcement for the resumption of these operati…