Binance Backs Moonbeam Network Upgrade for Enhanced Scalability

Binance has announced support for Moonbeam’s upcoming network upgrade, a significant step towards enhancing scalability and cross-chain capabilities. This upgrade, scheduled for 2025, will improve GLMR token trading and unlock new functionalities for users. Key takeaways include: Binance guarantees uninterrupted trading of GLMR during the upgrade. The upgrade aims to boost performance by improving Ethereum integration via XC-20 tokens and bridging assets like ETH, allowing for better storage solutions and smoother blockchain operations.