Binance to Support TRON Contract Swap, TRX (BEP20) Replenishment to be Suspended
On February 17, according to the official news, Binance will support the new and old contract swap of TRON (TRX), and will suspend the TRX (BEP20) replenishmen…
On February 17, according to the official news, Binance will support the new and old contract swap of TRON (TRX), and will suspend the TRX (BEP20) replenishment at 12:00 on February 27, Beijing time. Spot trading, margin trading, futures trading, Binance Pay and Simple Earn subscriptions will not be affected during the contract swap period.
Binance announced that it would support the exchange of new and old contracts of TRON (TRX) and would suspend the TRX recharge at 12:00 on February 27
Interpretation of the news:
Binance, one of the leading cryptocurrency exchanges in the world, has announced its support for the upcoming TRON (TRX) contract swap. The swap is set to take place on February 17, as officially released. As such, Binance will suspend the TRX (BEP20) replenishment effective from 12:00 on February 27, Beijing time.
The TRON network is set to undergo an upgrade that will see the replacement of the old TRC10 standard with the new TRC20 standard. The new contract swap will enable TRX holders to switch their coins and migrate them between the two standards without any losses.
Binance has always been on the forefront of cryptocurrency adoption and innovation, and its support for TRON’s contract swap is not a surprise. Binance is a well-known supporter of TRON, and it has several TRX trading pairs available on its platform.
During the contract swap period, services like spot trading, margin trading, futures trading, Binance Pay, and Simple Earn subscriptions will not be affected. Users can continue to trade and use these services as usual. However, they will not be able to replenish their TRX (BEP20) balances until the swap is complete.
This development is expected to create a sense of stability and confidence among TRX holders. With Binance’s support, the contract swap is likely to be a success, leading to an increase in the adoption and value of TRX.
In conclusion, Binance’s support for the upcoming TRON (TRX) contract swap is a positive development in the world of cryptocurrency. It underlines the exchange’s commitment to supporting innovative technologies that enhance the user experience. The suspension of TRX (BEP20) replenishment is a necessary measure to ensure a smooth and seamless transition between the old and new contract standards.
Overall, the TRON community can look forward to an exciting future, as more platforms like Binance continue to support the TRON network’s growth and development.
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