Good News for This Veteran Altcoin from Bitcoin Exchange Binance!

Binance, the world's largest cryptocurrency exchange, continues to direct the crypto market with the decisions it makes. As of today, Binance shared an important announcement about Neo (NEO), a veteran altcoin.

According to the latest information, Binance will support the network upgrade and hard fork in NEO. Here is the announcement shared by Binance on the subject:

“Starting approximately 5/27/2024 08:00 (UTC), Binance will suspend deposits and withdrawals of tokens on the Neo (NEO) network to support network upgrade and hard fork to ensure the best user experience.

*Network upgrade and hard fork will occur at block height 5,450,000.

*Trading of tokens on the above-mentioned network will not be affected.

*Binance will meet all technical requirements for all users.

Deposits and withdrawals for tokens on the above-mentioned network will be reopened once the upgraded network is deemed stable. “No further announcements will be made.”

NEO, which was traded at $14.8 at the time our news was written, has experienced a total decrease of 5% today.

$BTC $NEO