Binance to support Optimism (OP) Network Upgrade and Hard Fork

The post Binance to support Optimism (OP) Network Upgrade and Hard Fork appeared first on Coinpedia Fintech News

Binance has announced its support for the upcoming Optimism (OP) network upgrade and a hard fork, scheduled to occur on June 6, 2023, at 16:00 (UTC). Starting from approximately 15:30 (UTC) on the same day, deposits and withdrawals of OP will be temporarily suspended. However, the trading of OP will remain unaffected during this period. The exchange will handle all the necessary technical aspects for its users holding OP, ensuring a smooth transition. It’s important to note that no new tokens will be created as a result of the network upgrade. Once the upgraded network is deemed stable, Binance will reopen deposits and withdrawals without further notification to users.