Binance has announced its support for the network upgrade and hard fork of the Near Protocol (NEAR) network. As a result, deposits and withdrawals of NEAR tokens will be temporarily suspended on August 18, 2025, at 03:00 CEST. The network upgrade is scheduled to commence at 04:00 CEST the same day. During this time only near-related transactions will be affected while trading remains uninterrupted. Binance has assured users that no technical action is necessary as all requirements will be met by the exchange. Deposits and withdrawals will resume once the upgrade completes and the network stabilizes. The company has stated it will not issue further updates on the process.
Near Protocol, renowned for its high scalability and low transaction fees, utilizes this upgrade to boost performance, enhance security, and introduce new features. Binance’s move aims to streamline the transition for users by maintaining uninterrupted trading activity while minimizing disruption during the network change. This is not investment advice.