Binance, the world’s largest cryptocurrency exchange, started the day with the altcoin announcement. At this point, Binance announced that it will support the network upgrade to the altcoin called Kadena (KDA).
“As of 06.03.2024 at 23:00 (UTC), Binance will suspend token deposits and withdrawals on the Kadena network to ensure the best user experience and support the upgrade of the Kadena network (KDA).
The network update will take place at approximately 00:00 (UTC) on 07.03.2024.
Token trading on the Kadena network will not be affected.
Deposits and withdrawals will be reopened once the updated network is deemed stable. “No further announcements will be made”
After Binance’s announcement, the price of KDA increased by around 5%.
*This is not investment advice.
