Binance will support the Istanbul hard fork of the Ethereum blockchain
This Istanbul upgrade will take place on December 7th, 2019 at block 9069000.
Binance indicates that deposits and withdrawals for ETH tokens will be suspended before the height of block 9069000 of the ETH network to perform the Ethereum upgrade.
The trading of the ETH cryptocurrency will not be affected during the upgrade says the crypto exchange.
If you plan to make a deposit or a withdrawal in Ethereum ETH at this time, consider these details.
Once the ETH network appears stable, Binance will reopen the deposits and withdrawals for the ETH token.
This Ethereum hard fork does not create new Ethereum tokens, but is just an upgrade of the blockchain.
Important updates are planned for the Ethereum blockchain to solve the problems it faces today and to increase its capacity and the speed of transaction processing on its network.
The Ethereum blockchain will move from proof of work to proof of stake in 2020.
Ethernodes.org provides statistics on Istanbul nodes and a countdown timer located at https://ethernodes.org/istanbul.
You can monitor the network upgrade in real time at http://forkmon.ethdevops.io/.
If you have ETH tokens on a crypto exchange or wallet like Myetherwallet or Ledger Nano X, you have nothing to do.