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Sandeep Kumar Mishra
Jan 23, 2023
by Sandeep Kumar Mishra

Binance to Support the Osmosis (OSMO) Network Upgrade

Osmosis Network Upgrade

Table of contents

  1. The Osmosis Network Upgrade Won't Affect the Trading of OSMO
  2. Binance to Not Notify Users Once the Upgrade is Done
The world's largest crypto exchange Binance said in a blog post today that it will support the Osmosis (OSMO) network upgrade. Deposits and withdrawals of OSMO will be suspended approximately starting from 2023-01-23 at 15:00 (UTC).

The Osmosis Network Upgrade Won't Affect the Trading of OSMO

As per the blog post, the trading of OSMO will not be affected during the network upgrade. Therefore, the operations will remain active while the upgrade would be taking place. The Osmosis network upgrade will take place at the Osmosis block height of 7,937,500. The estimated time is for users’ reference only. Binance will handle all technical requirements involved for all users holding OSMO in their Binance accounts.

Binance to Not Notify Users Once the Upgrade is Done

Binance also said that while the exchange would reopen deposits and withdrawals for OSMO once it deems the upgraded network to be stable, it will not notify users in a further announcement. Thus, the users will have to check it themselves whether or not they are able to deposit and withdraw their OSMO tokens.

The blog post also read that wherever any discrepancy arises between the translated versions and the original English version, the English version shall prevail.

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Binance to Support the Osmosis (OSMO) Network Upgrade
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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