Binance Announces September 25 Upgrade: Key Details Inside

Summary

• On September 25, Binance will undergo a system upgrade that is expected to last around three hours. Users may face temporary disruptions in services such as account login, trading, and other functionalities.
• The exchange reassures users that their funds are secure and recommends that they take precautionary measures, including adjusting their account positions. API trading will remain operational during the upgrade.

Your Data and Assets Remain Safe

Binance will undertake a service upgrade on September 25 to enhance overall system performance and stability. The upgrade is anticipated to last around three hours, during which users may encounter some disruptions during this period. 

“Users may experience intermittent disruptions to all Binance services during the upgrade, including account login, registration, trading (Spot, Margin, Futures, P2P, etc.), VIP account services, and other account-related functionalities. Any disruptions may last a few minutes for each individual user, who will be able to access Binance services again shortly afterward,” the exchange stated.

Binance confirmed that user data and assets will not be impacted by this upgrade. Additionally, trading will still be accessible through API during this time. 

The company advised users to prepare in advance to mitigate potential losses. Recommended actions include assessing and adjusting their account positions and orders (such as lowering leverage). 

All services will resume once the upgrade is completed, and Binance will not provide further announcements. Therefore, any information encountered online should be viewed with caution.

Previous Upgrade Experiences

As the largest cryptocurrency exchange in the world, Binance regularly performs similar upgrades. Earlier this month, it conducted wallet maintenance for BNB Smart Chain (BEP20), temporarily suspending deposits and withdrawals on the network to facilitate the process. 

Before that, Binance paused certain services involving TON for several hours while performing a comparable upgrade on The Open Network shortly after the company officially listed Toncoin (TON) on its platform. 

In mid-July, deposits and withdrawals across all networks were temporarily unavailable due to another wallet maintenance. All services returned to normal following that update.

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