2026-07-02 06:29:06
Bitcoin Exchange Binance Announces It Will Support This Altcoin’s Network Upgrade and Hard Fork Process! Here Are the Details
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Cryptocurrency exchange Binance has announced a temporary adjustment to user transactions as part of a planned network upgrade and hard fork process on its Injective (INJ) network. According to a statement from the exchange, token deposits and withdrawals on the Injective network will be temporarily suspended to ensure the smooth support of the network upgrade and to protect the user experience. According to information shared by Binance, deposit and withdrawal operations for tokens on the Injective (INJ) network will be temporarily suspended starting July 2, 2026, at 4:00 PM. The exchange stated that this step was taken to securely manage the technical requirements of the planned network upgrade and hard fork process. The announcement stated that the upgrade and hard fork on the Injective network is expected to occur at block height 172,502,000, approximately at 5:00 PM on July 2, 2026. Binance emphasized that it will handle all necessary technical operations on behalf of users throughout the process, therefore users do not need to take any additional action. On the other hand, the exchange specifically stated that trading of tokens on the network in question would not be affected by this process. This means users will be able to continue conducting spot or other eligible market transactions related to Injective through the Binance platform. Binance announced that deposits and withdrawals will be reopened after the network upgrade is complete and the updated network is verified to be stable. The company also noted that no new announcement will be made at this stage, and services will be reactivated immediately. In the cryptocurrency market, it’s common practice for exchanges to temporarily suspend deposit and withdrawal transactions during network upgrades and hard forks to ensure the security of user assets. *This is not investment advice. Continue Reading: Bitcoin Exchange Binance Announces It Will Support This Altcoin’s Network Upgrade and Hard Fork Process! Here Are the Details