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Binance to Halt NEAR Transactions for Scheduled Network Upgrade

Binance will suspend Near Protocol deposits and withdrawals for one hour on September 23, 2025, to support a network upgrade and hard fork.

NEAR

Summary

Binance will suspend deposits and withdrawals of Near Protocol (NEAR) tokens starting at 08:00 UTC+8 on September 23, 2025, to facilitate a scheduled network upgrade and hard fork. The upgrade is expected to begin at 09:00 UTC+8 the same day.

Terms & Concepts
  • Near Protocol: A decentralized application platform that uses a proof-of-stake consensus mechanism to offer scalability and low transaction fees.
  • Hard Fork: A blockchain upgrade that introduces changes incompatible with previous versions, requiring all participants to update to the new protocol.
  • Network Upgrade: An update to a blockchain's protocol aimed at improving performance, security, or functionality.