Binance, a major cryptocurrency exchange, has announced that it will temporarily stop accepting deposits and withdrawals on the Cardano network due to an upcoming hard fork. The Plomin hard fork is a significant event for the Cardano network as it aims to implement important governance upgrades. The suspension of deposits and withdrawals will begin on January 29, 2025, to support the Plomin network upgrade and hard fork. Trading on Binance will not be affected, and the suspension is expected to last until the completion of the hard fork and stability of the network. The Plomin hard fork is part of the Chang upgrade to Cardano, and it was approved for implementation after meeting the required thresholds. This upgrade sets the foundation for future enhancements to the Cardano blockchain.



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