Binance, the largest cryptocurrency exchange in the world, has announced that it will be undergoing a system upgrade from April 23 to April 24 in order to enhance its overall performance and reliability. Users have been notified that they may experience temporary disruptions when accessing the website or mobile application, including new user registration, login, and trade services.
Despite this, Binance has reassured users that their funds are secure during the upgrade process. Once the upgrade is complete, all services will be restored. It is important to note that there will be no further updates on this matter, so any information found online should be approached with caution.
Additionally, Binance has made a commitment to improve its security system by implementing new features and staying up-to-date with market trends. In February of this year, the exchange discontinued services for several altcoins, including Monero (XMR), Aragon (ANT), Multichain (MULTI), and Vai (VAI).
In terms of trading options, Binance has expanded its offerings by introducing the USDT/MXN pair specifically for Mexican traders. Furthermore, it has made adjustments to Binance Loan to provide more liability assets, including meme coins like Wifhat (WIF) and Pepe (PEPE).
Recently, Binance has added the ARB/USDC and NEO/USDC perpetual contracts with leverage of up to 50x. Additionally, it has introduced the ARB/USDC to USDC pair with leverage of up to 75x. These options allow traders to take advantage of higher-risk instruments to meet the growing demand for leveraged trades in cryptocurrency markets. However, it is crucial for traders to exercise caution and prioritize risk management when engaging in leverage trading due to its inherent risks.
