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© Reuters. Binance stops trading LUNC, USTC, and KAVA for Terra Classic and Kava upgrades
- Binance has announced support for the Classic v2.0.1 and Kava 13 mainnet updates.
- Cryptocurrency exchanges have temporarily suspended LUNC and USTC deposits and withdrawals.
- The Terra Classic (LUNC) upgrade is scheduled at block height 12812900, while the Kava (KAVA) upgrade will occur at block height 4832500.
Binance, the world’s largest cryptocurrency exchange, has announced support for the Terra Classic v2.0.1 network update and Kava 13 mainnet. As part of these upgrades, Binance will temporarily suspend LUNC and USTC deposits and withdrawals on the Terra Classic (LUNC) network on May 17.
According to the announcement blog, the Terra Classic Network (LUNC) upgrade is scheduled at block height 12,812,900, around 14:03 (UTC) on May 17. Consequently, deposits and withdrawals for LUNC and USTC through the Terra Classic (LUNC) network will be temporarily suspended starting at approximately 13:30 (UTC) on May 17.
The Kava Network (KAVA) upgrade is scheduled at block height 4,832,500, approximately at 15:00 (UTC) on May 17. As a result, KAVA deposits and withdrawals will be temporarily suspended starting at 14:30 (UTC) around May 17th.
Furthermore, Binance confirmed that trading of LUNC, USTC, and KAVA will continue as normal during network upgrades. The Terra Classic Network (LUNC) upgrade will occur at a block height of 12812900, while the Kava Network (KAVA) upgrade will occur at a block height of 4832500. The dates provided are estimated and for user reference purposes.
Binance also indicated that it will handle all the technical aspects needed for users who hold LUNC, USTC, and KAVA on their Binance accounts.
Meanwhile, deposits and withdrawals for LUNC, USTC, and KAVA will reopen once the upgraded networks are deemed stable. There will be no further announcement regarding this matter.
Post Binance Halts LUNC, USTC and KAVA Trade to Get Terra Classic and Kava Upgrades Debuted on Coin Edition.
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