Binance Announces Support for Terra Network, LUNA Price Surges 15%
The worlds largest crypto exchange Binance on Monday said it will support the upcoming Terra (LUNA) network upgrade. As a result, LUNA price skyrocketed and extended weekly gains to almost 30%. Ad Ad Binance Will Support Terra Network Upgrade The Terra network is set to undergo a v2.21.0 upgrade today, September 21. This upgrade focuses on strengthening network security, stability, and interoperability. This is key for the infrastructure behind every transaction and app on Terra. “No action is required from users. A brief network pause may occur while validators upgrade,” said the Terra Phoenix team. Discover more Crypto market updates FINANCE Fintech investment reports The network upgrade will take place at block height 22,942,000. It is expected to happen at 16:00 UTC, according to the upgrade countdown data. Binance will temporarily pause deposits and withdrawals of tokens on the Terra network, supporting the network upgrade and ensuring the best user experience. The crypto exchange added that trading on the network will not be impacted and the exchange will handle all technical requirements for all users. Binance said LUNA trading will continue as normal. The leading crypto exchange will handle technical requirements for users holding the token on the exchange. Deposits and withdrawals will resume once the upgraded network is considered stable. Ad Ad LUNA Price









