Binance upgrade set for 8 hour downtime tomorrow 12 March, "funds are safu"

11 Mar, 2019
Binance upgrade set for 8 hour downtime tomorrow 12 March, funds are safu

Binance has announced the planned downtime of the exchange pending an upgrade to the system, set for 12 March 2019 2:00 UTC 

The scheduled system upgrade will see the world's most popular cryptocurrency exchange go down for most of the day tomorrow, with the upgrade expected to take approximately 8 hours according to the announcement.

Read more: Report shows Binance gaining market share, up to 52%

Binance will halt all deposits and withdrawals as well as trading during this time and expects any deposits that are still pending following the commencement of the upgrade, to be credited once the upgrade is complete, although this could take some time the announcement states.

Binance have estimated an 8 hour down time on the exchange, however this is just an estimate, and times could differ.

Binance did announce that it will remain in regular communication with the community to keep them updated on the upgrade.

Read more: CZ on Argentina: "Guess where we will have a new fiat-to-crypto exchange?"

Binance CEO Changpeng Zhao also tweeted the announcement saying "Big upgrade. Funds are #SAFU."

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