Monero is expected to upgrade its mainnet on the 30th of this month. Huobi will suspend deposits and withdrawals starting at 6 pm tomorrow.

According to BlockBeats, Monero officially announced that it is expected to upgrade the mainnet on the 30th of this month (block height 1978433). After this upgrade, Monero will introduce the RandomX algorithm for the first time, shorten the payment ID, and improve the user experience.

It is worth noting that this upgrade will change the format of XMR deposit and withdrawal addresses, which will make the old format of deposit and withdrawal addresses and memo tags no longer applicable. Huobi Global subsequently announced that it will suspend XMR deposit and withdrawal services at 18:00 on November 28, and will resume as soon as the mainnet upgrade is completed. The specific time will be notified separately in an announcement.