Binance exchange has recently announced its intention to support the upcoming Ethereum Classic (ETC) Agharta Network Upgrade.
According to a report, deposits and withdrawals of ETC will be suspended as from 11th January 2020 at 0:00 AM (UTC).
However, trading of Ethereum Classic (ETC) will be unaffected during the upgrade. Users are hereby advised to give processing of deposits enough time prior to the aforementioned deposits and withdrawals suspension period.
The exchange promised proper handling of the technical requirements involved for all the users holding ETC in their Binance accounts.
Upgrade Not To Create New Token
Binance additionally stated that the upcoming ETC network upgrade is not for the creation of new token.
The exchange then promised to reopen deposits and withdrawals of ETC once the upgrade is done and the network is properly restored. Howbeit, Binance bluntly stated that users should not expect a further announcement after the network is set.
For additional information regarding the ETC network upgrade, this link can be of help.
Binance Partners with Banxa
Some hours ago, Binance exchange announced its partnership with a global fiat on-ramp solution, Banxa, to bolster local and global methods of payment.
According to the information released, customers of the exchange now possess the ability to purchase cryptocurrencies with Australian Dollar (AUD), Euro (EUR) and British Pound (GBP) through the Binance Buy Crypto page.
As reported, each transaction process will be fast and cheap with GDP bank transfers on its trading platform via Fast Payments (FPS).
Banxa, the global fiat on-ramp solution is specifically made to provide internationally compliant fiat-to-crypto gateway solution for wallets, exchanges and other businesses functioning within the sphere of cryptocurrency.
The partnership between the duos will also aid the users from Australia, United Kingdom (UK), and other countries selected to enjoy a smooth and user-friendly digital currency purchase activities on the exchange.
Users will have various selections of local payment methods, such as bill payments and bank transfers, coupled with the access to global payment methods such as credit and debit cards.