Binance will temporarily suspend 15 trading pairs for two hours on February 28. This process is necessary to improve system performance and stability across the exchange. There are many coins among the affected trading pairs. Especially WBNB-BNB, WETH-ETH, STGOLD-STG, AVAOLD-AVA, MATICUSDCE-USDC, PAX-TUSD, BUSD-FDUSD attract attention.
Binance made a critical statement
More than a dozen trading pairs on Binance Convert will be temporarily unavailable at some point this week. The exchange will temporarily suspend 15 trading pairs for two hours on February 28. The company recently added new trading and borrowing options, and some of the affected cryptocurrencies have shown significant price improvements.
The exchange will temporarily suspend access to 15 trading pairs on Binance Convert on February 28, including WBNB-BNB, WETH-ETH, STGOLD-STG, AVAOLD-AVA, MATICUSDCE-USDC, PAX-TUSD, BUSD-FDUSD and more . This work is part of planned system maintenance, which will last approximately two hours. Users can continue trading the above-mentioned pairs on Binance Convert after the transaction is completed. The company explained that the main goal of the upcoming development is to “improve overall system performance and stability.”
The latest changes of the stock market
Binance frequently makes changes or mandates certain improvements to improve user experience. It discontinued trading services with Monero (XMR), Aragon (ANT), Multichain (MULTI) and Vai (VAI) earlier this month. Shortly after, ADA/USDC, AVAX/USDC, MATIC/USDC, and added as new loanable assets on the isolated margin.
Last week, the firm expanded the list of trading options offered on Binance Spot to include FIL/USDC, HBAR/TRY, PENDLE/TRY and WLD/USDC. It has also enabled trading bot services with BNB/FDUSD, DYM/USDT, ETH/FDUSD, PYTH/USDT, SOL/FDUSD, PYTH/USDT and others.
Planned maintenance does not risk affecting prices
Planned maintenance, on the other hand, is a different type of update and rarely affects prices as investors have time to prepare in advance. However, it is also important to note that Binance has said that there will be no further announcements regarding the above. This means that everything you encounter on the internet should be taken with a grain of salt. Do not click on any links that you have not verified are genuine. Because fraud is quite common in the crypto market.
For example cryptokoin.com As we reported recently, the official MicroStrategy Twitter account was compromised. The hacker posted a phishing link to a fake MSTR token offering, which led to the loss or seizure of more than $400,000.
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