Binance and Coinbase, the largest cryptocurrency exchanges by trading volume, made new statements regarding various altcoins. While Binance stated that the BNB Smart Chain will be maintained, a new update and hard fork will be supported in the Flow (FLOW) network. Meanwhile, Coinbase added new altcoins to the platform. Here are the details…
Binance made an announcement for these altcoins
Binance announced that it will carry out wallet maintenance for BNB Smart Chain (BEP20) on June 13, 2022, 9 ET. Maintenance will take about an hour. Token trading on the BNB Smart Chain (BEP20) will not be affected during wallet maintenance. Deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended from 13 June 2022 at 08:55. Deposits and withdrawals will reopen after the maintenance is complete. Apart from that, there will be new additions to Binance’s Liquid Swap. The said additions will consist of TKO/USDT and WRX/USDT. As it is known, adding funds to the liquidity pool carries certain risks.
Update and hard fork will be supported for Flow (FLOW) network
Binance will update Flow (FLOW) network update and hard fork’ will support you. As Cryptokoin.com also reported, the Flow (FLOW) network upgrade and hard fork will take place on approximately June 15th, 18th. Deposits and withdrawals of FLOW will be suspended from approximately 15 June 17 CEST. The Flow (FLOW) network upgrade and hard fork will take place on approximately June 15th at 18 CEST. However, this estimated time is for users’ reference only and may vary depending on block propagation times.
FLOW trading will not be affected during the update and hard fork. Binance will take care of all relevant technical requirements for all users holding FLOW in their Binance account. The Flow (FLOW) network upgrade and hard fork will not result in the creation of new tokens. Deposits and withdrawals will reopen for FLOW once the upgraded network is deemed stable.
Coinbase lists two Ethereum-based altcoins
Meanwhile, in an announcement, Coinbase announced Tether (USDT) once the appropriate liquidity conditions of Index Cooperative (INDEX) are met ) will begin trading on Coinbase Pro, paired with Index Cooperative aims to create user-friendly and profitable investment products by bringing together people with diverse skills to maximize strategy. Local government token INDEX grants holders voting rights on proposed new products as well as asset allocation.
Also joining the Coinbase list is Wrapped Ampleforth (WAMPL), which is the “wrapped” version of the Ampleforth (AMPL) DeFi token, which aims to provide price-supply balance. According to his whitepaper, AMPL’s supply expands or contracts every 24 hours depending on the price of the token. If AMPL trades above $1, users get more tokens – if AMPL trades below $1, users lose tokens.
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