diff --git a/lib/version.py b/lib/version.py
index 27df1aea2..e25ce2226 100644
--- a/lib/version.py
+++ b/lib/version.py
@@ -1,4 +1,4 @@
-ELECTRUM_VERSION = "2.4.3"  # version of the client package
+ELECTRUM_VERSION = "2.5"    # version of the client package
 PROTOCOL_VERSION = '0.10'   # protocol version requested
 NEW_SEED_VERSION = 11       # electrum versions >= 2.0
 OLD_SEED_VERSION = 4        # electrum versions < 2.0