News

Binance bringing in support for the upcoming THETA upgrade

Divya Gandotra

Dec 9, 2020 — 1 min read

Binance recently announced that it would be providing support to the deposits and withdrawals for the upcoming Theta Network upgrade. The platform assured its users that their trading on THETA wouldn't get affected due to this update's embedding.

As more people are moving towards cryptocurrencies, the demand for a secure and reliable trading platform increases. Plus, the blockchains keep on updating to offer better features to traders. Some platforms take forever to embed these updates into their platform, making it a problem for the users.

But Binance here ensures that its users don't face any challenges in depositing and withdrawing any new updates on cryptocurrencies. An example of this factor can be seen in the platform's latest announcement on supporting the Theta Network Update.

The crypto exchange platform said that it is going to suspend all trading on THETA from 10/12/2020 at 2:00 PM (UTC). Once it ensures the update's stability, it will notify its users of further developments. Along with this, Binance also stated,

"Please note that trading of THETA will not be affected.

Please leave sufficient time for deposits to be processed in full prior to the above cut-off time. We will handle all technical requirements involved for all users holding THETA in their Binance accounts.

This THETA token upgrade will not result in a new token being created."

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