Binance, one of the world’s largest cryptocurrency exchanges, has announced its support for the planned network upgrade and hard fork on the Zcash (ZEC) network. According to the exchange’s s
Binance, one of the world’s largest cryptocurrency exchanges, has announced its support for the planned network upgrade and hard fork on the Zcash (ZEC) network. According to the exchange’s statement, deposit and withdrawal operations on the Zcash network will be temporarily suspended to ensure a smooth user experience.
Binance will cease deposits and withdrawals for the Zcash (ZEC) network on July 28, 2026, at 3:00 PM. The network upgrade and hard fork will occur at block number 3,428,143, approximately at 4:00 PM on the same day. The exchange stated that it will manage all necessary operational processes internally to ensure a smooth technical transition.
The company emphasized that the maintenance work would only affect deposit and withdrawal transactions on the network. Accordingly, trading of ZEC tokens on Binance Spot and other supported trading platforms will continue uninterrupted. Users will not need to take any additional steps to conduct transactions.
Binance also stated that all technical requirements that may arise as part of the network upgrade and hard fork will be met on behalf of users. This means that ZEC holders will not need to perform any manual actions or transfer their tokens to a different wallet.
The exchange announced it will reopen deposits and withdrawals after ensuring the Zcash network is stable and secure following the upgrade. It was also stated that no new announcement will be issued for this process, and services will be automatically reactivated depending on the network’s stability.
Cryptocurrency exchanges are taking similar measures to ensure the security of user assets during upgrade and hard fork processes on their blockchain networks.
*This is not investment advice.
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