Binance Schedules Account Service Upgrade for September 25, 2024

Peter Zhang Sep 24, 2024 08:33

Binance will perform an account service upgrade on September 25, 2024, leading to potential intermittent service interruptions for approximately three hours.

Binance, a leading cryptocurrency exchange, has announced a scheduled upgrade to its account services on September 25, 2024, at 06:30 (UTC). The upgrade aims to enhance system performance and stability and is expected to last approximately three hours, according to Binance.

Impacted Services

During the upgrade, users may experience intermittent interruptions across all Binance services. These include account login, registration, and various trading activities such as Spot, Margin, Futures, and P2P trading. VIP account services and other account-related features may also be temporarily affected. Each interruption is expected to last only a few minutes, and users will regain access to Binance products shortly thereafter.

Please Note

• Users' data and assets will not be affected by the upgrade.
• Trading conducted through API will not be disrupted.
• Users may temporarily be unable to log into their accounts or take any action on their positions/orders during the upgrade.
• To mitigate potential risks and losses, users are advised to evaluate and manage their account positions and orders before the upgrade. This includes reducing leverage, adding margin, or closing positions/orders as deemed appropriate. Binance is not liable for any related loss.
• The estimated duration of the upgrade may vary. Impacted functions will resume once the upgrade is complete, and there will be no further announcement.
• In case of discrepancies in translated versions of this announcement, refer to the original English version for the most accurate information.

Binance has urged users to take necessary measures to avoid potential risks during the upgrade period. The company emphasized that users are responsible for managing their trading positions and that Binance will not be held liable for any losses incurred during this time.

This upgrade is part of Binance's ongoing efforts to improve its system's overall performance and stability. Users are encouraged to stay informed through official Binance channels for any updates or changes related to the upgrade.

Image source: Shutterstock

• binance
• upgrade
• cryptocurrency