Binance, the leading cryptocurrency exchange, has announced its plan to support the upcoming upgrades of Chiliz (CHZ) and MultiversX (EGLD), ensuring a seamless experience for its users.

The Chiliz (CHZ) network is set to undergo an upgrade and hard fork on May 20, 2024, at 10:00 AM Turkey time, while MultiversX (EGLD) will follow suit on May 21, 2024, at 7:20 PM Turkey time. To ensure a smooth transition, Binance will temporarily suspend deposits and withdrawals of tokens on the respective networks starting from approximately 9:00 AM Turkey time on May 20, 2024, for Chiliz (CHZ) and 6:20 PM Turkey time on May 21, 2024, for MultiversX (EGLD).

Binance has assured its users that trading of tokens on these networks will continue uninterrupted, and the exchange will handle all necessary technical requirements. Once the upgraded networks are deemed stable, deposits and withdrawals will resume, with no further announcements needed.

This scheduled upgrade demonstrates Binance's commitment to supporting the growth and development of Chiliz (CHZ) and MultiversX (EGLD), ensuring a robust and secure experience for its users.