- Binance.US will retire existing IOTA deposit addresses on May 2, 2025, ahead of the network’s mainnet upgrade on May 5.
- Users should complete deposits before the deadline to avoid fund loss, with new addresses provided after the upgrade.
In a recent announcement, Binance.US revealed important changes for IOTA users ahead of a major network upgrade.The crypto exchange will retire existing IOTA deposit addresses ahead of the highly anticipated IOTA mainnet upgrade scheduled for May 5, 2025.. This move is essential to ensure the smooth transition of the network from its current Stardust architecture to the newly revamped IOTA network.
📣 Update for the @iota community regarding the $IOTA mainnet upgrade.
To facilitate the upgrade, https://t.co/AZwoBOgsqS will retire existing deposit addresses for IOTA and provide new ones after the upgrade is complete.
Learn more ⬇️ https://t.co/D2xHnQVMxO
— Binance.US 🇺🇸 (@BinanceUS) April 28, 2025
When Will the Changes Take Effect?
Binance.US stated that on May 2, 2025, at 11:00 p.m. EDT, all deposits and withdrawals for IOTA will be suspended. As part of this process, the platform will retire the existing deposit addresses used for IOTA transactions. Binance.US will retire existing IOTA deposit addresses before the highly anticipated IOTA mainnet upgrade scheduled for May 5, 2025.
ALSO READ: IOTA Price Eyes 95% Surge With Upcoming Rebased Network Upgrade
What Do IOTA Users Need to Do?
To prevent any issues, users should ensure that they remove any saved or whitelisted IOTA deposit addresses, as these will no longer be valid after May 2, 2025. New deposit addresses for IOTA will be provided after the upgrade is completed, and users will be able to make deposits again once the IOTA mainnet is fully operational.
IOTA’s Historic Upgrade: Rebased Network
The IOTA Rebased upgrade marks a significant milestone for the network, as it transitions to a new architecture that promises enhanced scalability and performance. This upgrade is part of a larger effort to modernize the IOTA ecosystem, with a Genesis Ceremony led by the IOTA Foundation and an initial group of 13 validators.
Binance.US emphasized that while it will continue trading IOTA without interruptions, it will temporarily halt deposits and withdrawals to facilitate the smooth migration of the network. The platform expects to resume these services shortly after completing the upgrade.
IOTA users on Binance.US need to be proactive in ensuring they complete all deposits before the May 2 cutoff to avoid any potential loss of funds. As the network prepares for the Rebased upgrade, this temporary suspension is a necessary step for the ongoing development of the IOTA ecosystem. Stay tuned for further updates as the IOTA mainnet upgrade unfolds.
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