CoinWorld reported:
TL;DR
Binance will conduct a system upgrade on September 25, lasting approximately three hours. During this period, users may experience temporary interruptions in services such as account login, trading, and other functionalities.
The company assures users that their funds are secure and recommends taking precautionary measures, such as adjusting account positions, while API trading will remain available during the upgrade.
Rest assured, data and assets will not be affected
Binance will perform a service upgrade on September 25 “to enhance overall system performance and stability.” This work will take about three hours, during which users may encounter certain setbacks.
“During the upgrade, all Binance services may experience intermittent disruptions, including account login, registration, trading (spot, margin, futures, P2P, etc.), VIP account services, and other account-related functions. Each disruption may last a few minutes. Individual users will be able to access Binance products again shortly thereafter,” the exchange explained.
Binance assures that users’ data and assets will not be impacted by the upgrade. The company also stated that trading services will be available through the API during this process.
The company warns users to take proactive measures to avoid potential losses. Some tips include assessing and measuring account positions and orders (such as reducing leverage).
Once the upgrade is completed, all services will resume, and Binance will not disclose any further information. This means that regardless of who the user is, they should approach the situation with caution in light of previous similar developments. The world’s largest cryptocurrency exchange regularly conducts similar upgrades. Earlier this month, it performed wallet maintenance for the BNB Smart Chain (BEP20), temporarily halting deposits and withdrawals on the network to support the process.
Previously, Binance suspended certain services on the TON network for several hours due to a similar upgrade on the open network. This work took place a few weeks after the company officially listed Toncoin (TON) on its platform. In mid-July, deposits and withdrawals across all networks were temporarily unavailable due to another wallet maintenance.
Everything returned to normal after the update
Binance to Make Important Announcement on September 25 Heres What You Need to Know
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