BlockBeats reported on March 12, 2025, that Binance will temporarily suspend Conflux (CFX) token deposits and withdrawals on March 17, 2025, at 19:00 (UTC+8) to facilitate its upcoming network upgrade and hard fork. The upgrade is scheduled to occur at block height 118,580,000.
Key Details of the CFX Network Upgrade
- Suspension Period: March 17, 19:00 (UTC+8) until network stability is confirmed.
- Trading Availability: CFX trading will remain uninterrupted during the upgrade.
- User Action: Users are advised to complete deposits in advance to avoid disruptions.
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What This Means for CFX Holders
Binance ensures minimal impact on users by maintaining CFX trading functionality while pausing deposits/withdraws. Services will resume post-upgrade after thorough network checks.
FAQs About the CFX Upgrade
1. Can I trade CFX during the upgrade?
Yes, CFX trading will continue as usual on Binance.
2. When will deposits/withdrawals reopen?
Binance will announce the resumption once the upgraded network is stable, typically within hours post-upgrade.
3. Is my CFX safe during the fork?
Absolutely. Funds remain secure in your Binance account; the upgrade only affects temporary service pauses.
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Why Network Upgrades Matter
Hard forks and upgrades enhance blockchain scalability, security, or functionality. Conflux’s upgrade aligns with broader efforts to optimize its proof-of-work/proof-of-stake hybrid consensus mechanism.
Core Keywords
- Binance CFX upgrade
- Conflux hard fork
- CFX token suspension
- Blockchain network upgrades
- Crypto exchange announcements
Final Notes
Binance’s proactive communication exemplifies its commitment to user experience during critical network events. Traders should monitor official channels for service resumption updates.