On March 15, at about 15:30 Moscow time, the Binance cryptocurrency exchange announced the successful upgrade of the system, the resumption of trading operations and the possibility of depositing funds.
In particular, it was announced that it is possible to cancel and open orders, deposit funds and use other functions of the trading platform. Binance representatives have promised to open the possibility of withdrawing funds in the near future.
#Binance System Upgrade Complete: BNB Community Giveaway https://t.co/AiMMVsF6DZ pic.twitter.com/6qqEt780W5
– Binance (@binance) May 15, 2019
Also, from May 15 to May 22, all users with VIP status at Binance will have access to commission rates that exceed their current level by one. For example, VIP 3 traders will be able to use VIP 4 opportunities during this period.
In addition, among the clients of the exchange, whose trading volume from May 15 to 18 will exceed 1 BTC, 50,000 BNBs will be distributed.
However, the restart of trading on Binance did not happen as smoothly as expected. For example, for some time the site of the exchange worked unstably, giving the error:
Autoscaling due to load spike. Will stabilize soon.
– CZ Binance (@cz_binance) May 15, 2019
“Autoscaling due to peak load. We will stabilize soon , ”explained Changpeng Zhao, head of the exchange.
He also wrote that the possibility of withdrawing funds would resume soon.
Withdrawals will be enabled soon. Some final tests, just make sure this upgrade is fully operational.
– CZ Binance (@cz_binance) May 15, 2019
Against this news, the Binance Coin (BNB) rate began to rise sharply:
Recall that last week the Binance Exchange was cracked , during which the attackers withdrew 7000 BTC. After that, the deposit and withdrawal of funds were frozen. In addition, trading was suspended on the eve of the system update.
Publication date 15/05/2019
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