Binance, one of the world's leading cryptocurrency exchanges, has revealed plans to support the upcoming Stratis (STRAX) network upgrade and hard fork. This significant update is set to take place on June 11, 2025, and will temporarily impact users holding or trading STRAX tokens on the platform.
To facilitate a smooth transition during the upgrade, Binance will suspend deposits and withdrawals of STRAX tokens starting at 18:00 UTC+8 on June 11, 2025. The network upgrade and hard fork are scheduled to occur at block height 2,587,200, expected around 19:00 UTC+8 on the same day, as announced by the Stratis project team.
This upgrade marks a pivotal moment for the Stratis blockchain, introducing enhancements such as masternode staking, which could bring new opportunities for STRAX holders. While trading of STRAX will remain unaffected, users are advised to plan their transactions accordingly to avoid disruptions during the suspension period.
Binance has assured users that it will handle all technical requirements on behalf of STRAX holders during this process. However, those who wish to manage their tokens independently during the hard fork should ensure they transfer their STRAX to a compatible wallet before the suspension begins.
The exchange will resume deposit and withdrawal services for STRAX once the upgraded network is deemed stable. Binance emphasizes that this temporary halt is a standard procedure to ensure user security and the integrity of the blockchain update.
For more details, users can refer to the official announcements on Binance's website or follow updates from the Stratis team. Stay tuned for further information as the upgrade date approaches, and ensure your STRAX holdings are managed effectively during this transition.
Maria Lourdes
