Binance Spot Trading System Upgrade Notice

Status
Archived
Binance will perform a scheduled system upgrade starting at 2021-04-20 2:00 AM (UTC). The upgrade will take approximately 2 hours.

Binance Futures & Options trading will continue unaffected during the upgrade period. Binance Leveraged Tokens will suspend trading, subscription, and redemption.

During the upgrade period, Binance will suspend the following services:
  • Deposits and withdrawals
  • Spot and margin trading
  • P2P trading
  • Convert & OTC Portal trading
  • New user registrations
  • Sub-accounts activations
  • Subscription & redemption of Savings
  • Swapping or adding/removing liquidity on Binance Liquid Swap
  • Staking or redeeming assets from Launchpool
  • Crypto Loans services
  • Binance Card dashboard and transactions
  • Binance Pay
  • Asset transfers from sub-accounts, margin accounts, futures accounts, pool accounts and fiat wallets.
Users will have a 30-minute window after the upgrade is complete to cancel orders, process deposits and withdrawals, transfer funds, and use all other account-related functions before trading resumes.

Major improvements in this upgrade include:
  • Overall system performance and stability improvements.
Please note:
  • Users with open Futures or Margin positions are recommended to re-assess their collateral balances prior to the start of the upgrade to mitigate against price fluctuations that may occur during the upgrade period.
  • Binance will suspend all asset transfers, deposits, and withdrawals 10 minutes prior to the start of the system upgrade. Please ensure you leave sufficient time for any transfers, deposits, or withdrawals prior to this time.
  • The 2-hour upgrade time is based on our best estimates and may vary. As usual, we will maintain regular communication on the progress of the upgrade on our various social media channels.
  • Binance Options: Only futures wallets can be used for paying Options premiums. Spot wallet balances will not be available to use.
  • Binance Futures Asset Conversion and Cross Collateral functions will be paused.
  • The suspension of spot trading will affect the Price Index of certain USDT-margined perpetual contracts, including ENJUSDT, TOMOUSDT, SXPUSDT, RLCUSDT, RUNEUSDT, BZRXUSDT, OCEANUSDT, BELUSDT, HNTUSDT, CTKUSDT, ALPHAUSDT, AXSUSDT, UNFIUSDT, LITUSDT, BTCSTUSDT, SFPUSDT, DODOUSDT, DENTUSDT and ALICEUSDT. During this period, the Price Index of those contracts will not update. We will use the Last Price Protected mechanism to update the Mark Price until spot trading resumes.
We apologize for any inconvenience caused and thank you for your patience.

Risk Warning
Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make the best efforts to choose high-quality coins, but will not be responsible for your trading losses.
 

cryptorum

Cryptocurrency & Blockchain Forum
Joined
Jun 2017
Binance has completed the scheduled spot trading system upgrade and will resume all trading activity at 2021-04-20 4:30 AM (UTC).

From now until the commencement of trading, users will be able to cancel orders, make deposits, buy crypto with card, make fiat deposits & withdrawals, buy and sell crypto with fiat currencies, have P2P trading, register new accounts, activate sub-accounts, subscribe to or redeem funds from Leveraged Tokens and Savings, swap or add/remove liquidity on Binance Liquid Swap, stake or redeem assets from Launchpool, borrow or repay loans on Crypto Loans, access Binance Card Dashboard and use Binance Card, use Binance Pay, make asset transfers from sub-accounts, margin accounts, futures accounts, fiat wallets and pool accounts, and use other account-related functions. Withdrawals will be opened within 2.5 hours of trading being resumed.

It is recommended that futures and margin trading users with open positions re-assess their collateral balances prior to the start of trading to mitigate against any price fluctuations that may occur.
 
Status
Archived
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