Binance Exchange Promises to Resume Trading Soon Binance Cryptocurrency Exchange has announced the completion of technical work and is preparing to resume trading on the platform at 13:00 Moscow time.
Binance Exchange Promises to Resume Trading Soon
Cryptocurrency exchange Binance announced the completion of technical work and is preparing to resume trading on the platform at 13:00 Moscow time.Before that, users can cancel active orders, enter / withdraw funds and use other functions associated with their accounts.
Recall that the technical work on Binance began on Thursday morning and was not originally supposed to affect the basic functionality of the trading platform, however, difficulties in synchronizing the database caused the exchange to be unavailable for 36 hours.
As an apology for the inconvenience, Binance will reduce fees by 70% (0.03% per transaction, 0.015% if paid with BNB tokens) until February 24.
As explained by the CEO of the site Changpeng Zhao, among other things, the operator of the cloud platform Binance was subjected to a DDoS attack, but this problem has already been resolved..
While technical work continued, some representatives of the crypto community began to assume that the exchange was hiding something, for example, that it could be hacked. Among others, John McAfee wrote about his suspicions.
In recent days, the cryptocurrency market has been characterized by reduced volatility, along with which the trading volumes on all exchanges have decreased, which probably helped to neutralize the negative effect of the protracted technical works. In addition, during this time, traders could find alternative trading platforms for most of the cryptocurrencies listed on Binance. Those who want to trade, for example, Bluzelle (BLZ), can only wait.
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