Binance Announces A Second System Upgrade in 24 Hours and its Extension

Binance is moving to Malta

Popular cryptocurrency exchange, Binance, has announced a second system upgrade only one day after completing one. In the announcement that was made 2 hours ago and at the moment of writing this, the new systems upgrade was scheduled to last only 30 minutes.

Fellow Binancians,

Binance will perform a scheduled system upgrade shortly after 2018/06/27 1:00 PM (UTC). The upgrade will take approximately 30 minutes. Binance will suspend withdrawals and trading during this period. We apologize for any inconvenience caused, and thank you for your patience.

Thank you for your support.

Binance Team

However, the team at Binance has since issued another announcement indicating that the ongoing upgrade will be extended. The team stated the following in the announcement:

Fellow Binancians,

Binance’s ongoing system upgrade will be extended. Our team is working hard to complete the upgrade as quickly as possible.

Another announcement will be made once the upgrade is complete. Users will be given approximately 30 minutes to cancel existing orders, deposit, withdraw and use other account functions before trading resumes. Please stay tuned for further information.

We apologize for any inconvenience caused, and thank you for your patience.

Thank you for your support.

Binance Team

The team at Binance has promised to to give a 30 minute window for traders to cancel existing orders before complete restoration of trading, deposits and withdrawals on the platform. Yesterdays scheduled 4 hour upgrade would eventually last a total of 10 hours due to similar extensions with withdrawals resuming only 1 or 2 hours later.

The exchange has since updated traders that trading will resume at 2:45 PM, UTC through the most recent announcement that stated the following:

Fellow Binancians,

Binance has completed its system upgrade and we will resume all trading activity at 2:45 PM (UTC).

From now until the commencement of trading, users will be able to cancel orders, process deposits, withdrawals, and use all other account related functions.

Thanks for your support!

Binance Team

This means that traders can now cancel orders at the moment of writing this, as well as prepare for a resumption of regular trading on the platform in the next 15 minutes or so.