Crypto.com recently revealed that the platform would support the upcoming Helium network migration. To support the migration and ensure its seamless integration, the platform will temporarily suspend trading of Helium. Thus, users will not be able to deposit or withdraw Helium on the Crypto.com Exchange or App on April 12.
Since the migration affects many HNT users, they looked for a comprehensive Crypto.com review. Users learned that the network’s migration would not affect trading on the HNT network. However, HNT users on Crypto.com are advised to stay put till April 12, 6:00 UTC.
In addition, users can reach status.crypto.com to get the latest updates about support. The Helium network recently undertook a migration process on Solana as well. While the process was originally expected to wrap up on March 27, the date has been postponed to April 18.
The sudden delay has worried many users as they suspect the Crypto.com migration to also take much longer than expected. As for the Solana migration, the Helium community has three primary reasons to push back the upgrade:
- The migration required additional testing and operational improvements
- The network was waiting for necessary governance votes
- Community did not show 100% readiness
HNT, Helium’s native token, also took a hit from the delay. While the delay was announced, the token witnessed a dip of 18% in market value.
Despite the recent announcement by Crypto.com, the coin seems to be still suffering. It is currently trading at 1.42 dollars with a 24-hour trading volume of 873,764 dollars. Users expect the token to make a comeback if Crypto.com manages to conduct the migration within a 24-hour window.