TL;DR
- Binance is set to undergo a system upgrade on April 23-24, which may disrupt several services, including trading and user logins.
- The exchange regularly updates its platform, recently adding new trading options and loanable assets while discontinuing others.
There Might be Disruptions Next Week
Binance, the biggest cryptocurrency exchange globally, is planning a system upgrade from April 23 to April 24. During this time, they aim to enhance the platform’s overall performance and stability. Users might experience some disruptions while accessing the website or mobile app during the improvement process.
“Affected functions encompass, yet aren’t confined to, signing up new users, logging in existing users, and trading operations, among others.”
Despite this, Binance reassured that all funds are safe during the upgrade. They further mentioned that services would be restored upon completion of the process.
It is also important to note that the exchange has stated there will be no further announcements on the above. This means that whatever users come across on the Internet should be taken with a grain of salt.
Binance’s Previous Announcements
In addition to routinely updating its system, the company makes adjustments to its trading options to align with current market tendencies and improve user satisfaction.
Previously this year, those cryptocurrencies – Monero (XMR), Aragon (ANT), Multichain (MULTI), and Vai (VAI) – had their services discontinued by the company.
In March 2023, Binance expanded trading opportunities for Mexican users by introducing the USDT/MXN pair and offering new loanable assets. Among these assets were popular meme coins like Dogecoin (WIF) and Pepe (PEPE).
More recently, the trading platform has introduced the ARB/USDC and NEO/USDC perpetual contracts with a maximum leverage of 50 times, and the FIL/USDC contract offers a higher leverage of 75 times.
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2024-04-19 12:12