- Binance has announced supporting Theta Network upgrade and hard fork.
- Deposits and withdrawals of THETA will be suspended starting March 14.
- In other news, Binance announces the listing of Kadena (KDA).
Cryptocurrency exchange Binance has announced on March 11 that it will be supporting Theta Network (THETA) upgrade and hard fork. The crypto exchange announced the news through a blogpost that was also tweeted on their main account. According to the blog post, the Theta Network upgrade and hard fork will take place approximately March 14, 2022, at 19:00 (UTC).
During the upgrade and hard fork, THETA deposits and withdrawals will be suspended from March 14, 2022, at 18:00 (UTC). However, trading of THETA will not be affected.
Moreover, Binance said it can handle all technical requirements involved for all users holding THETA in their Binance accounts.
In other news, the exchange also shared a blog post with its community saying Binance will list Kadena (KDA). Furthermore, it would open trading for KDA/BTC, KDA/BUSD, and KDA/USDT trading pairs.
Binance said users can now start depositing KDA in preparation for trading, but the withdrawal won’t be until March 12, 2022, at 11:30 (UTC). In addition, the exchange encourages users to check and view the actual status on the withdrawal page.
Kadena is a scalable layer 1 Proof-of-Work (PoW) along with Pact – the most secure smart contract with built-in automated auditing. Moreover, KDA is the native token designed to be used to pay the network’s transaction fees.
At the time of writing, Kadena price is $7.39 with a trading volume of $79 million according to CoinMarketCap. KDA is up by 19.86% after the Binance announcement.
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