Binance to Handle Siacoin Upgrade as Network Prepares for Major Protocol Shift

Binance has announced its full technical support for an upcoming upgrade to the Siacoin (SC) blockchain, scheduled for June 6, 2025.

The update, which includes a hard fork, is set to activate at block height 526,000.

To ensure everything runs smoothly, Binance will temporarily pause all deposits and withdrawals involving the Siacoin network starting at 08:00 UTC on the day of the upgrade. The trading of SC tokens on the platform will continue as usual, with no interruptions expected for market activity.

The exchange confirmed that it will manage all backend processes tied to the upgrade, sparing users from needing to take any manual action. Once the upgrade is complete and network stability is confirmed, deposits and withdrawals will resume—though Binance noted it won’t issue an additional announcement when that happens.

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This latest development marks a key milestone in Siacoin’s roadmap, aimed at optimizing the blockchain’s performance and introducing protocol improvements. Binance emphasized that users should refer to the original English statement for any clarification in case of conflicting translations.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.