Binance, one of the world’s leading cryptocurrency exchanges, has announced a planned system upgrade for certain Binance Earn products, in a move aimed at improving overall system performance and stability. This upgrade will take place between September 20, 2023 at 09:00 CET and September 20, 2023 at 12:00 CET. The planned system upgrade will bring temporary changes to various Binance services, affecting various aspects of the platform. Here are the details…
Binance is suspending some services
During the upgrade period, all Liquid Swap services will be temporarily suspended. This includes activities such as trading swaps in Swap Farming, adding or removing liquidity in Liquidity Farming, and redeeming liquidity pool rewards from Liquidity Farming. Users who regularly engage in these activities should plan accordingly. Users may experience intermittent outages when it comes to subscriptions and redemptions for various products. These include DeFi Staking, Simple Earn products, BNB Vault, Auto-Invest, Dual Investment and ETH Staking. Additionally, the wrapping and unwrapping functionality on ETH Staking will also be affected.
Binance recommends users plan their activities before or after the planned system upgrade to ensure the best user experience. While these service outages may be temporarily inconvenient, it is important to note that some important aspects of Binance will not be affected. Calculation and distribution of rewards will continue as usual during the system upgrade. Users can expect to receive their rewards without any delay.
Automatic trades are also on
While cryptocurrency purchases planned through existing Auto-Trade plans may experience delays during the system upgrade, you can be assured that these purchases will be made automatically once the upgrade is complete, where applicable. Please note that system upgrade time is based on Binance’s best estimates and may vary. Once the upgrade is completed successfully, all affected services will continue without further notice.
As a result, Binance’s commitment to improving system performance and stability is evident through this planned upgrade. While some services will experience temporary disruptions, users can expect a more advanced and more reliable platform when the upgrade is completed on September 20, 2023. Stay tuned for further developments in the cryptocurrency space and be sure to plan your activities on Binance accordingly during the upgrade period.
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