2018-2-8][ BINANCE GOES DARK – 12 HOUR OUTAGE FOR MAINTENANCE, SYSTEM UPGRADES."

[jomz312]

Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC).

Withdrawals and trading during this period will remain suspended.

Binance is one of the largest exchanges in the world,According to CoinMarketCap, it has over $2 billion in 24-hour trade volume and 190 currencies and tokens. The outage may worry those who suffered in the recent exchange hack in Japan but the Binance team have assured that it is all under control.


https://support.binance.com/hc/en-us/articles/360000713851

[glowing10]

Yes the site is being down from few hours now and think all should be good with their maintenance and hopefully they tighten up more security features if the need be because they can't left their users in jeopardy and suffer loses just by cant buy/sell or deposit/withdraw. Hopefully they will come up with better solution and provide the exchange starting news soon.

[aso118]

System upgrades are fine, but they should be informed to users well in advance. In this case, the upgrade seems to be sudden and Binance now seems to have extended. Given that Binance is a relatively young exchange, people are bound to get jittery about the amounts that they have stored in exchanges.

[erk]

Well, it's probably cost them over a $billion in lost trade today, plus whatever business they loose from pissing off clients for not giving warning of the maintenance.

[Lucius]

Unfortunately like most people they also do not think ahead,so they need to upgrade their system so that they can continue to function normally.It certainly causes a negative reaction from users,because trading is not something what should be put on hold-people lose profit and exchange lose their trust.This is particularly pronounced when it comes to reletively new exchange like Binance.

We need to see can they finish maintenance in 12 hours,or it will take more then that as is usually in such cases.

[veleten]

Well, it's probably cost them over a $billion in lost trade today, plus whatever business they loose from pissing off clients for not giving warning of the maintenance.

yeah it doesn't add any positivity to their ratig thats for sure
lost trading revenue,reputation loss and the upgrades often last longer than declared too
maybe that system upgrade is just a pretext tho,they are targeted by hackers thats for sure
maybe they got tipped off that there is a vunerability in their security or something similar
I do not believe in sudden,no warning maintenances mid of the week

[Qartersa]

Due to a significant increase in users and trading activity, Binance will need to extend the System upgrade and is expected to be completed by 2PM (UTC).

Withdrawals and trading during this period will remain suspended.

Binance is one of the largest exchanges in the world,According to CoinMarketCap, it has over $2 billion in 24-hour trade volume and 190 currencies and tokens. The outage may worry those who suffered in the recent exchange hack in Japan but the Binance team have assured that it is all under control.


https://support.binance.com/hc/en-us/articles/360000713851

The thing about this is that we do not have a system whereby we see updates like these. You know, these are necessary for everyone in cryptos to know. We should have, I guess, a software whereby we get to know firsthand about these interruptions. There are people who may be in need to cash out their cryptos but are unable to do so because of outage. This is what seriously sets us apart from traditional fiat currencies. We are just like a push button wherein a system can just shut you off at an instant without you having any legal claims against such system or management, if there is indeed any. And as to when it comes back, it is only they who knows. We seem to be always left at their own whims and caprices. I wish we can change this for the good of everyone.