Binance, the world’s largest cryptocurrency exchange, announced that it will end support for Ethereum (ETH) in Magic (MAGIC) deposits and withdrawals.
Binance recently announced in an official statement, magic announced that it will stop MAGIC deposits and withdrawals on the Ethereum network as the project completely moves its operations to the Arbitrum One network.
In the statement, Deposits and withdrawals for MAGIC on the Ethereum network January 5th Support at 05:00 declared to be terminated.
According to the statement, transactions on the Arbitrum One network and MAGIC trade will not be affected by this situation. Users who do not want to be affected by the situation must complete their transactions by January 5th.
CoinGecko data in the last 24 hours 2.4% rise exhibiting MAGIC, at the time of writing from $0.507 is being traded.