Under maintenance Binance Exchange will be down for 12. In a tweet seen 2hrs ago from CZ, owner of Binance, the crypto exchange giant is experiencing a server issue on its replica database cluster, causing some data to be out of sync. Therefore, they need to fully resync from the master.
This news had replies concerned and panicking maybe it was another hack but the exchange moved quickly to reassure them it was a routine maintenance in a post on the Binance support pages that read:
Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC).
Our team is working hard to complete this upgrade as quickly as possible. We will make an announcement to all users if completed ahead of schedule.
Withdrawals and trading during this period will remain suspended. We apologize for any inconvenience caused and thank you for your patience.
Thank you for your support.
In a more recent tweet CZ says:
They are still waiting for data to copy and it will take a while at least another 10 hrs at the current estimate. He adds due to the unexpected length of time, they are going allow 30 mins for people to withdraw orders before trading resumes when the system is back.
The platform, which has been in existence for a short period of time has become so popular due to some of the features it offers. It’s available in multiple languages, has a very neat user interface, and it also enables processing orders at an extremely high speed.
The under maintenance Binance Exchange is the third largest exchange according to Coinmarketcap with 2 billion dollars in trade volume over the past 24 hours.
In the comment section below let us know what you think of these new developments???