Binance Suspends CFX Services for Conflux Network Upgrade

Binance, one of the world's leading cryptocurrency exchanges, has announced its support for the upcoming Conflux (CFX) network upgrade and hard fork. The exchange will temporarily suspend CFX token deposit and withdrawal services starting March 17, 2025, at 19:00 (UTC+8) to facilitate the network's transition. This upgrade is scheduled to occur at block height 118,580,000.

Binance has advised its users to complete any pending deposits before the suspension to avoid disruptions. The exchange assures that trading of CFX tokens will continue uninterrupted during this period. Once the network has stabilized post-upgrade, Binance will resume deposit and withdrawal services for CFX.

This network upgrade is a significant event for the Conflux ecosystem, as it aims to enhance the network's performance, security, and functionality. Hard forks are critical milestones in the lifecycle of a blockchain, often introducing new features or improvements that can drive further adoption and innovation. Binance's support for this upgrade underscores its commitment to maintaining a robust and secure trading environment for its users.

For users holding CFX tokens, this upgrade presents an opportunity to benefit from the enhanced capabilities of the Conflux network. However, it is essential to follow Binance's guidelines to ensure a smooth transition. Users should deposit their CFX tokens in advance and monitor the network's status post-upgrade to resume normal activities promptly.

In summary, Binance's support for the Conflux network upgrade and hard fork is a strategic move to ensure the continued reliability and efficiency of its services. By suspending deposit and withdrawal services temporarily, Binance aims to mitigate potential risks and provide a seamless experience for its users during this critical network transition. This proactive approach reflects Binance's dedication to maintaining high standards of service and security in the dynamic world of cryptocurrency trading.