Binance Completes Temporary System Maintenance, Resumes All Trading Activity
Binance, the world’s largest cryptocurrency exchange by trading volume, has announced the completion of temporary system maintenance and will resume all trading activity on March 24th, 2023 at 14:00 UTC. The maintenance, which began earlier that day, affected all trading functions on the platform, including deposits, withdrawals, and spot trading.
— Binance (@binance) March 24, 2023
Resumption of Trading Activities
In a statement released on Binance’s official website, the company confirmed that users will now be able to cancel orders, process deposits, trade on P2P, and perform lending, redemptions, asset transfers, and all other account-related functions. However, withdrawals will be resumed shortly after spot trading starts.
The statement also noted that trailing stop order will be temporarily suspended until further notice. The existing trailing orders have expired automatically. Binance has advised futures and margin trading users with open positions to re-assess their collateral balances prior to the start of spot trading to mitigate against price fluctuations that may occur.
Binance has apologized for any inconvenience caused by the temporary system maintenance and thanked its users for their support. The company has also emphasized that, in the event of any discrepancies between the translated versions of its statements and the original English version, the English version shall prevail.
Binance: Top Choice for Crypto Trading
Binance’s announcement of the completion of system maintenance has been met with mixed reactions from the cryptocurrency community. While some users have praised the exchange for taking the necessary steps to ensure the stability and security of its platform, others have expressed frustration at the temporary suspension of certain trading functions.
Despite these concerns, Binance remains one of the most popular cryptocurrency exchanges in the world, with a reputation for offering a wide range of trading options, low fees, and high liquidity. As trading activity resumes on the platform, users will be closely monitoring the market to see how it responds to the end of the temporary system maintenance.
