Binance, the leading cryptocurrency exchange, has announced a scheduled system upgrade for its Spot and Margin trading platforms. The upgrade is set to commence on August 14, 2024, at 06:00 (UTC) and is expected to last approximately 10 minutes, according to Binance.

Upgrade Details

During the upgrade, users will still be able to trade on Binance Spot and Margin. However, App, Website, and Desktop users may not be able to view the trade history for orders executed during the upgrade. API users, on the other hand, will continue to receive trade history data for their orders.

Users can confirm whether their orders have been filled by checking the asset balance changes in their Spot and Margin Wallets.

Impacted Services

While the upgrade is brief, Binance has outlined several key points to keep in mind:

• The 10-minute upgrade time is an estimate and may vary. Binance will provide updates on their social media channels regarding the progress of the upgrade.
• No further announcements will be made once the upgrade is complete.
• There may be discrepancies in translated versions of the original announcement. For the most accurate information, refer to the English version.

Community Response

Binance’s proactive communication has been well-received by its community, who appreciate the transparency and detailed guidance provided. This upgrade follows a series of enhancements aimed at improving user experience and system reliability.

Earlier this year, Binance introduced several new features and optimizations to its trading platforms, which have been praised for their efficiency and user-friendliness.

Conclusion

Binance continues to lead in the cryptocurrency market by ensuring that its trading systems are regularly updated and optimized. Users are encouraged to monitor Binance’s social media channels for real-time updates during the upgrade period.

For more information, visit the official announcement on Binance’s website.

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