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Binance Will Support the Upcoming Algorand (ALGO) Network Upgrade

2019-12-16 09:12

Fellow Binancians,

Binance will support the upcoming Algorand network upgrade. Deposits and withdrawals of ALGO will be suspended prior to the ALGO network block height of 3,705,466 selected to execute the upgrade, estimated to occur on 2019/12/16 (UTC). Please note that trading of ALGO will not be affected during the upgrade.

Please leave sufficient time for deposits to be processed in full prior to the above ALGO network block height. We will handle all technical requirements involved for all users holding ALGO in their Binance accounts.

Please Note:

  • This ALGO network upgrade will not result in a new token being created.
  • We will reopen deposits and withdrawals for ALGO once we deem the upgraded network to be stable, and will not notify users in a further announcement.

For more information on the ALGO network upgrade, please refer to the following post: Algorand v2.0.2 Release Notes

Thanks for your support!

Binance Team



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