Crypto Exchange Binance 27 Jun 2018
Binance resumes trading and withdrawals after system upgrade. The exchange has suspended the services for a period of two days due to the risk warning.
27 June, AtoZ Markets – One of the biggest cryptocurrency exchanges globally, Binance, has issued a warning for its users. The exchange has stated that it decided to suspend all the trading and withdrawals due to the risk warning.
The exchange had posted earlier the update that an upgrade on its platform has been completed and trading would be resumed at 9:30 am (UTC). Yet, Binance has then posted another update stating that it plans to continue the suspension of trading and withdrawals due to a warning after a pre-trade check via the risk management network. The announcement read:
“Due to a warning from a pre-trade check in our risk management system, we will postpone the start of trading and withdrawals. Please stay tuned for more information regarding the reopening of trading and withdrawals. We apologize for any inconvenience and thank you for your patience.”
The leading altcoin exchange has further announced that it is coming back in a few hours. During the maintenance period, more issues were found. The Binance downtime lasted for more than two days. Now, the deposits are back online, while the withdrawals will need to wait for some more time, according to Binance.
Reportedly, now users of Binance platforms are facing certain difficulties due to the unavailability of some of Binance’s features.
In the meantime, the crypto market has remained unstable, while Bitcoin’s price is looking towards falling below $6,000. Binance is the fifth biggest cryptocurrency exchange in the world in terms of if daily trading volume. According to the data available online, it has traded around $629 million over a 24 hour period to the publishing time.
Back in January, cryptocurrency exchange Kraken has also been down for more than 48 hours. The downtime has been caused by an unexpected delay during an upgrade.
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