Cryptocurrency Exchange

Crypto.Com Supporting Beacon Chain Network Upgrade & Hard Fork recently announced support for the upcoming Beacon Chain hard fork and network upgrade. The upgrade, scheduled for September 2 at 5:00 UTC, will be supported by the exchange platform and mobile app. will impose temporary transfer restrictions during the upgrade through the BEP2 Network. While Beacon Chain has announced a specific time for the upgrade, users should also look out for its block height to better grasp the situation.

The network has announced that the hard fork upgrade will be achieved at 264,000,000 block height. Based on this calculation, the timing for the upgrade is estimated to be between 5:00 to 6:00 PM UTC on September 2, 2022. will maintain utmost security during the upgrade by suspending deposits and withdrawals conducted through the Binance Chain Beacon Mainnet. The process will be automatically triggered at 5:00 PM UTC, ensuring users do not face troubles with their funds.

The hard fork and network upgrade will not affect token trading on the BEP2 network. has assured users to keep a close eye on the situation on its exchange platform and app. The platform will accept deposits and withdrawals after Beacon Chain is stable.

In the official post shared on’s website, the platform has asked users to use to access the latest updates on the situation. While undertaking a hard fork and network upgrade can be troublesome, users are not worried about the development.

The platform recently concluded the Arbitrum network upgrade, which succeeded. On several previous occasions, has showcased its capability of maintaining seamless interaction and operability. The upgrade is expected to improve Beacon Chain’s functionality on and similar platforms.

Erica Lee

Erica is a finance professional who has over a decade of experience in the finance sector as a management consultant. After years of reporting on forex, stock markets, and finance, she now contributes her strong financial skills with the CoinNewsSpan team. Since 2014, she has been deeply involved in the blockchain and cryptocurrency space. She believes that blockchain technology has tremendous potential to make our lives better.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button