Binance pauses Kadena deposits and withdrawals ahead of hard fork

Last updated on April 30th, 2025 at 07:41 am

Binance will temporarily halt deposits and withdrawals on the Kadena (KDA) network at 23:00 UTC on 29 April to facilitate a scheduled network upgrade and hard fork.

The fork is expected to occur at block 5,785,923, approximately at 00:00 UTC on 30 April. Despite this, trading of KDA pairs will continue without any interruption. Binance will manage all technical steps on behalf of its users, ensuring a smooth transition.

Deposits and withdrawals will resume once the exchange deems the network stable, and Binance does not plan to release any follow-up notice regarding this. Users are advised to consult the original English announcement for further details, as service availability may vary by region.

In a separate update, Binance has rolled out a limited-time promotional offer for FDUSD savers on its Simple Earn platform. From 00:00 UTC on 23 April to 23:59 UTC on 12 May 2025, users who subscribe to FDUSD Flexible Products will receive a 10% bonus annual percentage rate (APR) on top of the token’s real-time yield.

For deposits up to 500 FDUSD, users will earn an estimated combined rate of 13%, including the 10% bonus APR and approximately 3% real-time APR. Balances exceeding that threshold will continue to accrue the standard real-time APR of around 3%. Rewards are distributed in two ways: real-time interest is credited to Earn accounts minute-by-minute, while the bonus interest is calculated daily and paid to users’ Spot wallets.

The promotion is first-come, first-served, requiring a minimum subscription of 0.1 FDUSD and capping at 300 million FDUSD per user. Funds are instantly redeemable, but large withdrawals may cause delays. Binance funds all promotional yields, which can change based on market conditions. The issuer of FDUSD is not part of this promotion.

Meanwhile, Binance has since repositioned itself as a key advisor to nations exploring cryptocurrency strategies. The exchange had begun working with governments and sovereign wealth funds, offering guidance on building national Bitcoin reserves and crafting digital asset regulations.

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