Binance to Suspend Terra (LUNA) Token Deposits and Withdrawals for Network Upgrade on March 4, 2025

On March 4, 2025, Binance will suspend deposits and withdrawals of the Terra (LUNA) network token, as announced. This strategic decision aims to facilitate a crucial network upgrade and a subsequent hard fork. The halt in transactions will take effect at 22:32 (UTC+8), underlining Binance’s commitment to ensuring the integrity and security of the Terra ecosystem during this transition. Such upgrades are integral in enhancing network performance and scalability, which are vital in the ever-evolving landscape of cryptocurrency. Investors and users active in the Terra network should remain vigilant and stay informed about the implications of this upgrade on their holdings. Binance’s adherence to technical improvements exemplifies its role as a leading exchange, dedicated to providing a robust trading environment for its cryptocurrency users.