Here are some updates on Binance:
Recent News
- *System Upgrades*: Binance has performed several system upgrades in the past year to improve overall system performance and stability. The most recent upgrade mentioned was scheduled for October 8, 2024, and lasted approximately 15 minutes.
- *Deposit and Withdrawal Services*: During system upgrades, Binance suspends all deposit and withdrawal services 5 minutes before the scheduled upgrade time. Users can continue to place new Spot, Futures, and Options orders, cancel existing orders, and access all Binance products as usual.
- *Impacted Services*: Certain services and functionalities are impacted during system upgrades, including:
- *Crypto Deposits and Withdrawals*
- *P2P Trading*
- *Convert and OTC Portal Trading*
- *Auto-Invest*
- *Convert Low-Value Assets to BNB*
- *Crypto Purchases with Cards*
- *Fiat Deposits and Withdrawals*
- *Fiat Buy and Sell Crypto*
- *Subscription and Redemption of Earn Products*
- *Loans Services*
- *Pay Transactions*
Binance Coin (BNB) Update
- *Current Price*: $670.00
- *Market Cap*: $92.15B
- *24-hour High*: $672.48
- *24-hour Low*: $650.05
- *BNB Chain's Tech Upgrade*: Binance has upgraded its infrastructure to provide sub-second block times, enabling lightning-fast transactions ¹.
Other Updates
- *Binance Earn Yield Arena*: Binance offers limited-time offers on its Earn platform, allowing users to earn up to 3,600 USDC.
- *Monitoring Tag Extension*: Binance has extended its monitoring tag to include ALPHA, HIFI, LEVER, MOVE, PORTAL, and REI.
- *Collateral Ratio Update*: Binance has updated the collateral ratio under Portfolio Margin and the leverage & margin tiers of USDⓈ-M Perpetual Contracts ².
