Binance Announces Support for eCash Network Upgrade

One of the top cryptocurrency exchanges, Binance, has announced that it will support eCash network upgrade commencing soon. According to reports from the exchange, the XEC network advancement will not bring about the creation of entirely new tokens.

The time for the commencement of the eCash (XEC) network upgrade is approximately 2021-11-15 at 12:00 (UTC). The company has assured its teaming users that trading of eCash will not be stopped during the period of the network upgrade. Also, the withdrawals and deposits of XEC will be temporarily put on hold beginning from 2021-11-15 at 11:00 (UTC).

Binance has further assured its global customers that the exchange will address all technical issues and requirements that users holding eCash (XEC) might experience with their various accounts. In addition, the firm said that the withdrawals and deposits of eCash will reopen as soon as they confirm that the upgraded network is stable to handle users’ requests.

  • The trading of XEC will not be affected during the upgrade.

  • The eCash (XEC) network upgrade will take place approximately at 2021-11-15 12:00 (UTC). The estimated time is for users’ reference only.

  • Binance will handle all technical requirements involved for all users holding XEC in their Binance accounts.

  • The XEC network upgrade will not result in new tokens being created.

  • We will reopen deposits and withdrawals for XEC once we deem the upgraded network to be stable, and we will not notify users in a further announcement.

Because of the exchange’s proactive approach to security and stability of its trading platform, there are periodic network upgrades done by the Binance security and technical team. These continuous upgrades in its network give traders the confidence to trade on the platform 24/7. Always be on the lookout for such network upgrades as it leads to the improved trading experience and protection of users’ assets and information on the exchange.

Author: Miriam