A malta-based, globally acclaimed cryptocurrency exchange in terms of market capitalization, Binance has announced that the platform will support the forthcoming Zcoin (XZC) and NavCoin (NAV) Mainnet upgradation process. The Binance team announced the news on its official Twitter handle. The post read:
As per this Binance news & the blog post, the renowned crypto exchange will suspend the processes of deposition and withdrawal of XZC and NAV coins at 9:00 AM (UTC) on June 22, 2020. The users will be allowed to enjoy hassle-free trading of XZC and NAV during the upgradation event. The network upgrade will not result in a new token generation.
Binance has urged the users to give sufficient time for the complete processing of deposits of XZC and NAV before the defined time for the upgrade event. All the technical requirements for the owners of XZC and NAV coins will be managed duly by Binance, ensuring streamlined operability on the network. The exchange will reopen the deposits and withdrawals for XZC and NAV only when the exchange will find the upgraded system has achieved stability. There will not be a new announcement for the same.
Binance is a top-class crypto exchange which is known for its revolutionary product offerings and efficient services. It has been actively supporting the mainnet upgradations of potential coins in the past as well. The exchange listed all the major crypto coins on its network, aiding its global customer base.