$LUNC 🚨 BINANCE WILL SUPPORT THE UPCOMING TERRA (LUNA) NETWORK v2.21.0 UPGRADE, EXPECTED TO TAKE PLACE AT 16:00 UTC TODAY. $LUNA

The Terra network is set to undergo a v2.21.0 upgrade today, September 21. This upgrade focuses on strengthening network security, stability, and interoperability.

This is key for the infrastructure behind every transaction and app on Terra. “No action is required from users. A brief network pause may occur while validators upgrade,” said the Terra Phoenix team.

The network upgrade will take place at block height 22,942,000. It is expected to happen at 16:00 UTC, according to the upgrade countdown data. $USTC

Binance will temporarily pause deposits and withdrawals of tokens on the Terra network, supporting the network upgrade and ensuring the best user experience. The crypto exchange added that trading on the network will not be impacted and the exchange will handle all technical requirements for all users.

Binance said LUNA trading will continue as normal. The leading crypto exchange will handle technical requirements for users holding the token on the exchange. Deposits and withdrawals will resume once the upgraded network is considered stable.