Binance is conducting a system update from 2021-03-06 2:00 AM (UTC). The upgrade will take approximately 1 hour.
Binance Futures & Options trading will continue unaffected during the upgrade period. Binance Leverage Tokens stops trading, subscriptions and redemptions.
During the upgrade period, Binance will suspend the following services:
Deposits and Withdrawals Micro Trading and Margin Trading P2P Trading TC Portal New User Registration Activating Sub-Accounts Subscription and Redemption Savings Moving or Adding or Removing Liquidity on Binance Liquid Swaking Saving or Redeeming Assets from LaunchpoolCrypto Loan Services Card Dashboard Binance and transfers bank accounts, sub accounts, sub accounts, pool accounts and fiat wallets.
Users have a 30-minute window after the upgrade ends to cancel orders, process deposits and withdrawals, transfer funds, and use other account-related functions before resuming trading.
Major improvements in this upgrade include the following:
Overall improvement of system performance and stability.
Please note:
Users with open futures or margin positions are advised to re-evaluate their margin balances prior to the start of the update to mitigate price fluctuations that may occur during the update period. Binance suspends deposits and withdrawals for 10 minutes before transferring all assets. Start system update. Please ensure that this allows sufficient time for any transfers, deposits and withdrawals before this time. The 1 hour upgrade time is based on our best estimate and may vary. As usual, we will communicate regularly about the progress of the update on our various social media channels. Binance Options: Only futures wallets can be used to pay options premiums. Spot wallet balance will not be available for use. The conversion functions of treasury transactions and mutual transactions are temporarily suspended. The suspension of spot trading affects the price index of some USDT margin fixed contracts, including ENJUSDT, TOMOUSDT, SXPUSDT, RLCUSDT RUNEUSDT, BZRXUSDT, OCEANUSDT, BELUSDT, HNTUSDT, CTKUSDT, ALPHAUSDT, AXSUSDT, UNFIUSDT, LITUSDT, BTCSTUSDT, SFPUSDT and DODOUSDT. . During this period, the price index of those contracts is not updated. We will use the Last Price Protected mechanism to update the price mark until cash trading resumes.
We apologize for any inconvenience and thank you for your patience.
Risk Warning: Cryptocurrency trading is subject to high market risk. Please do your business with caution. Binance will do its best to select quality coins, but will not be responsible for your trading losses.
Thank you for your support!
The Binance team
This post is written by Traderfx1470