Near Protocol Set for Major Upgrade as Binance Handles All Technical Steps
Binance has confirmed it will handle all technical requirements for the upcoming Near Protocol network upgrade and hard fork, ensuring traders can continue operating without disruption.
The process is set to begin on August 18, 2025, at 04:00 CEST. An hour earlier, deposits and withdrawals on the NEAR network will be paused. Trading of NEAR tokens will remain available throughout the upgrade.
According to Binance, no action is required from users, and transfers will resume once the network is stable. The exchange will not issue further updates unless necessary.
Near Protocol, known for its low fees and high scalability, carries out upgrades to enhance performance, strengthen security, and introduce new capabilities.
Binance’s role is to streamline the transition so users can avoid the technical complexity often associated with such events.
The upcoming upgrade also reflects the competitive pace of development within the blockchain sector, where protocols are under constant pressure to improve user experience and stay ahead in scalability, interoperability, and security.
For Near Protocol, regular enhancements help maintain its position as a strong contender in the high-performance blockchain space, appealing to both developers and end-users.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
