Binance to Support Sei (SEI) and Harmony (ONE) Network Upgrades and Hard Forks

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
its
support
for
the
upcoming
network
upgrades
and
hard
forks
of
Sei
(SEI)
and
Harmony
(ONE).
According
to
Binance,
these
updates
are
aimed
at
ensuring
the
best
possible
user
experience.

Sei
(SEI)
Network
Upgrade

The
Sei
(SEI)
network
upgrade
is
scheduled
to
occur
at
the
block
height
of
84,006,014,
which
is
approximately
at
2024-06-19
16:00
(UTC).
To
facilitate
this
upgrade,
Binance
will
temporarily
suspend
deposits
and
withdrawals
of
tokens
on
the
Sei
(SEI)
network
starting
from
approximately
2024-06-19
15:00
(UTC).

Harmony
(ONE)
Network
Upgrade
and
Hard
Fork

The
Harmony
(ONE)
network
upgrade
and
hard
fork
will
take
place
at
the
block
height
of
59,080,704,
or
approximately
at
2024-06-20
00:07
(UTC).
Similar
to
the
Sei
network
upgrade,
Binance
will
suspend
deposits
and
withdrawals
of
tokens
on
the
Harmony
(ONE)
network
from
approximately
2024-06-19
23:07
(UTC).

Impact
on
Trading

Despite
the
suspension
of
deposits
and
withdrawals
during
these
periods,
Binance
has
assured
users
that
the
trading
of
tokens
on
the
Sei
(SEI)
and
Harmony
(ONE)
networks
will
not
be
impacted.
Binance
will
handle
all
technical
requirements
necessary
for
the
upgrades,
ensuring
a
seamless
experience
for
all
users.

Deposits
and
withdrawals
for
tokens
on
both
networks
will
be
reopened
once
the
upgraded
networks
are
deemed
stable.
Binance
noted
that
no
further
announcement
will
be
made
regarding
the
resumption
of
these
services.

Additional
Information

Binance
has
also
highlighted
that
there
may
be
discrepancies
in
translated
versions
of
their
announcements.
For
the
most
accurate
and
up-to-date
information,
users
are
advised
to
refer
to
the
original
English
version
of
the
announcements.

For
more
details
on
the
upgrades,
users
can
refer
to
the
official
Binance
announcement

here.

Image
source:
Shutterstock