Binance Suspends ETH and L2 Transfers for Ethereum Pectra Upgrade
- Binance will suspend ETH and Layer 2 token transfers on May 7 to support the Ethereum Pectra Upgrade.
- The suspension starts at 09:45 UTC, approximately 20 minutes before the upgrade at 10:05 UTC.
- Trading of unaffected tokens will continue during this period, requiring no user action.
- Affected tokens include those on Arbitrum, Optimism, zkSync Era, Base, Manta, Starknet, Polygon, Metis, Scroll, and Celo.
- The Pectra Upgrade aims to improve usability and scalability with cheaper Layer 2 transactions and smarter wallet interactions.
On May 7, Binance will temporarily halt ETH and Layer 2 token transfers to facilitate the Ethereum Pectra Upgrade. The suspension begins at 09:45 UTC and affects deposits and withdrawals on several networks to ensure user funds’ safety during the network changes. Trading of unaffected tokens remains uninterrupted.
Source (2.6)https://coingape.com/binance-halts-eth-and-l2-transfers-for-ethereum-pectra-upgrade-on-may-7/?rand=24432
