Binance, one of the largest cryptocurrency exchanges in the world, made an announcement today regarding the altcoin Kadena (KDA). The exchange stated that it will support the network upgrade for Kadena.
According to Binance, starting at approximately 23:00 (UTC) on March 6, 2024, token deposits and withdrawals on the Kadena network will be suspended to facilitate the network upgrade. The upgrade is scheduled to take place at 00:00 (UTC) on March 7, 2024. However, trading of tokens on the Kadena network will not be affected during this time.
Once the network upgrade is completed and deemed stable, deposits and withdrawals will be reopened. Binance assured users that no further announcements regarding the upgrade will be made.
Following this announcement, the price of KDA increased by approximately 5%. It is important to note that this information is not investment advice.
