Binance, one of the world’s largest cryptocurrency exchanges, has announced a planned system upgrade for its Spot and Margin trading platforms. The upgrade will begin at 12:30 on September 19, 2024, and is expected to last approximately 10 minutes.

Binance Announces Planned System Upgrade for Spot and Margin Trading

The exchange has assured users that trading activities will continue uninterrupted during the upgrade.

However, some functionality will be temporarily impacted, including the ability for App, Website and Desktop users to view open orders placed during the upgrade. As a result, users may not be able to cancel pending orders that are not visible during this time.

Major Improvements in the Upgrade:

Improved data system performance and stability aimed at improving the overall user experience.

Important Notes for Users:

API Users: API users will continue to have access to open order data for orders they place.

Order Confirmation: Users can verify whether their orders have been executed or placed by checking the asset balance changes in their Spot and Margin Wallets.

Binance noted that the 10-minute period is an estimated time and may change depending on the progress of the upgrade.

Updates regarding the upgrade will be announced via Binance’s social media channels. However, no further announcements will be made once the upgrade is complete.

This upgrade reflects Binance’s ongoing commitment to improving its platform and providing a seamless trading experience for its global user base.

*This is not investment advice.