It is not without reason that Binance is the leader among cryptocurrency exchanges. As the Avalanche Network (AVAX) prepares for its update, CZ’s crypto company announces that it will support the latest. Here is all there is to know.
Binance confirms support for Avalanche upgrade (AVAX)
Despite market instability, Binance continues to make headlines in the ecosystem. Although bitcoin (BTC) was up nearly 10% in a few hours yesterday, the downtrend continues. However, the world’s most popular cryptocurrency exchange is undeterred.
Indeed, it has announced that it will now support the Avalanche Network Update (AVAX). The upgrade will take place around October 18, 2022 at 4 p.m. However, withdrawals and deposits will be interrupted one hour earlier on the platform. Binance declared however, the upgrade will not affect AVAX trading.
He adds that he will only open AVAX deposits and withdrawals once he is sure the upgrade is stable. Also, the exchange will not make any other announcements to inform users. However, since surprises are never lacking in the ecosystem, Changpeng Zhao’s crypto company decided to take care of all the technical requirements.
This decision will apply to all users holding AVAX tokens in their wallets. As always, the platform shows evidence of its supremacy. Indeed, after the relatively dark period that the platform has recently experienced, good news is welcome. Currently, the BNB token is trading lower. However, this is not a surprise since the downtrend affects the entire market.
The Avalanche Network (AVAX) upgrade is fast approaching. Therefore, Binance wants to clear things up before the d-day. Note however that the English version will prevail in the event of discrepancies between the translated versions and the original version.
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