Binance.US Announces Support for Cardano (ADA) Vasil Upgrade – Will Coinbase Do the Same? by DailyCoin


Binance.US Announces Support for Cardano (ADA) Vasil Upgrade – Will Coinbase Do the Same?

Binance.US, the US subsidiary of the world’s largest cryptocurrency exchange, has announced that it will provide support for the highly significant Vasil upgrade and hard fork of the network.

Binance.US Support for Vasil Hard Fork. Binance Support

After hours of long-awaited Vasil hard fork, Binance.US has announced that it will support the Cardano (ADA) upgrade, which is scheduled to take place on Thursday, September 22nd.

According to the announcement, Binance.US will temporarily suspend ADA deposits and withdrawals on September 22, 2022, at approximately 8:45 UTC. During this time, trading will remain unaffected.

Similar to the Binance.US announcement, Input Output Global (IOG), the developers behind Cardano, revealed that exchanges that account for 73% of ADA’s liquidity are now ready to update Vasil.

Will Coinbase (NASDAQ 🙂 Support Vasil Upgrade?

Joining Binance.US in preparing for the highly anticipated upgrade are top exchanges such as KUcoin, Crypto.Com, HitBTC, Gate.io, Kraken and others. On the other hand, America’s leading cryptocurrency platform, Coinbase, has not announced its support for the upgrade.

Although Coinbase has not officially announced its support for the Vasil hard fork, reports indicate that the exchange is in the process of upgrading its contract in preparation.

24 hour price chart for Cardano (ADA). Source: CoinMarketCap

on the flip side

  • Despite rising as high as $0.4508 today, experts are suggesting that Cardano (ADA) price may take another hit before the Vasil upgrade takes place.

Why should you care

Vasil is an important upgrade to the Cardano ecosystem, promising improvements in smart contract programming, greater scalability, and lower costs.

Read about fears of a Cardano crash at:

Cardano (ADA) May Fall to New 20-Month Low as Crypto Crash Exacerbates

How decentralized is Cardano?:

Charles Hoskinson, founder of Cardano (ADA), says he can’t change ADA supplies or force Vasil Hard Fork

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