Bitget To Temporarily Suspend BNB Smart Chain Services For Hard Fork Upgrade

Key Points:

• Bitget, a major cryptocurrency exchange, will temporarily suspend deposit and withdrawal services for the BNB Smart Chain (BEP20) network to support its upcoming hard fork upgrade.
• The suspension will begin at 05:30 on June 12, 2023 (Beijing time) and will be lifted once the network upgrade is completed and the network stabilizes. Token transactions on the BNB Smart Chain will not be affected during this period.

Bitget, a leading cryptocurrency exchange, has announced its support for the upcoming hard fork upgrade of the BNB Smart Chain (BEP20) network. 

Bitget has officially confirmed that it will suspend the recharge and withdrawal services for the BNB Smart Chain (BEP20) network, starting from 05:30 on June 12, 2023 (Beijing time). This temporary suspension is necessary to facilitate the smooth execution of the network upgrade and hard fork, specifically at the block height of 29,020,050.

During this period, token transactions based on the BNB Smart Chain (BEP20) network will not be affected. Traders and users will be able to continue their normal token trading activities without any interruptions. However, it’s important to note that the deposit and withdrawal services for BNB Smart Chain will be temporarily unavailable until the upgrade is completed.

Bitget has assured its users that once the network upgrade and hard fork are successfully executed, the deposit and withdrawal services for BNB Smart Chain (BEP20) will be reopened. The exchange will resume these services as soon as the network stabilizes, without the need for any further announcements.

The support of Bitget for the BNB Smart Chain hard fork upgrade highlights the exchange’s commitment to providing a secure and efficient trading environment for its users. By aligning with the network upgrade, Bitget aims to ensure the continued smooth operation of BNB Smart Chain and enhance the overall user experience.

Traders and users are advised to stay updated with the official announcements from Bitget regarding the exact timing of the resumption of deposit and withdrawal services for BNB Smart Chain (BEP20) after the network upgrade is completed.

Bitget’s decision to temporarily suspend BNB Smart Chain’s deposit and withdrawal services demonstrates its support for the upcoming hard fork upgrade. This strategic move aims to maintain the stability and efficiency of the network, ultimately benefiting the users of the exchange. Traders are advised to stay informed through official announcements regarding the resumption of services after the successful completion of the network upgrade.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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