Binance, the world’s largest cryptocurrency exchange by traded volumes, will be entering into scheduled maintenance starting March 12 at 2 AM UTC.  Without revealing too much information, its CEO said that there’s a “big” update coming. 


‘Funds are #SAFU’

According to a system upgrade notice published on Binance’s official website, the world’s leading cryptocurrency exchange is set to undergo scheduled maintenance on March 12 at 2 AM UTC. Throughout the time of the maintenance, all deposits, withdrawals, as well as trading on the platform will be suspended. Additionally, the notice reassures that deposits which haven’t been completed before the start of the maintenance will be processed as soon as it’s done.

The entire upgrade is supposedly going to last about eight hours but Binance has warned that this estimate “may vary.”

Without revealing too much on the matter, the CEO of the cryptocurrency exchange, Changpeng Zhao, tweeted that the scheduled upgrade is a “big” one — while reassuring users…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/big-update-coming-to-binance-maintenance-impending/