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Attention SHIB, XRP, BTC Holders: Key Update for Binance Users

Published 04/20/2024, 08:23 AM
Updated 04/20/2024, 12:00 PM
© Reuters.  Attention SHIB, XRP, BTC Holders: Key Update for Binance Users

U.Today - Binance, one of the world's leading cryptocurrency exchanges, has announced a scheduled system upgrade set to take place April 23.

In a recent tweet, Binance said it will be performing a scheduled system upgrade April 23 from 6:30 a.m. UTC to 9:30 a.m. UTC to improve the overall system performance and stability.

While system upgrades are routine maintenance procedures for exchanges, they often involve temporary interruptions to trading and user logins as new features are implemented and infrastructure is optimized.

According to Binance, users may encounter a system error during the system upgrade while using the Binance website or Binance app. Impacted services include, but are not limited to, new user registrations, user logins and trading services.

As Binance prepares to undergo its scheduled system upgrade on April 23, users holding SHIB, XRP, BTC and other cryptocurrencies on the platform should note potential disruptions and plan accordingly.

During the system upgrade, trading services, which include activities for SHIB, XRP, BTC and other cryptocurrencies, may be temporarily suspended on the Binance exchange. Users are advised to refrain from placing orders or executing trades during this period to avoid any potential disruptions. This means that planned transactions might be executed ahead of the scheduled maintenance.

Also for old users, logins into the Binance website or Binance app might be impacted, while for new users, it might be difficult to complete registrations at the said period on April 23.

Binance assures users that all funds remain secure during this upgrade. It was also noted in its official blog post that the duration of the system upgrade is based on its best estimates and may vary. The crypto exchange also states that all impacted services will resume once the system upgrade is complete, although there may be no further announcement.

While temporary disruptions may occur as a result of the upcoming system upgrade, users can mitigate any inconvenience by staying informed, planning and following best practices for account security.

This article was originally published on U.Today

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