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Binance to Undergo System Upgrade

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Cryptocurrency exchange Binance announced on its website that it will upgrade its system on May 15, 03:00 a.m. UTC.

Deposits, withdrawals, and trading will be temporarily halted during the system upgrade.

“Deposits that are not completed before the start of the upgrade will be processed after the upgrade is complete,” Binance added.

Binance users will also be given a 30-minute window to cancel orders, process deposits and withdrawals, and use other account-related functions before trading resumes following the completion of the system modification.

Binance CEO Changpeng Zhao noted on Twitter that the exchange will provide an update every two hours during upgrade.