Binance performs regular system upgrades to improve performance and stability. Here are some key points about their upgrade process

- *Upgrade Duration*: The upgrade usually takes around 15 minutes, but in some cases, it may take longer, like 3 hours.

- *Impacted Services*: During the upgrade, services like crypto deposits, new positions on Spot Copy Trading, trading and repaying on Cross Margin, Isolated Margin, and Portfolio Margin may be affected.

- *Available Services*: Users can still place new Spot, Futures, and Options orders, cancel existing orders, and access Binance products during the upgrade.

- *Liquidations and Rebates*: Liquidations on Binance Margin may be interrupted during the upgrade and will resume after. Spot referral and Liquidity rebates won't be distributed during the upgrade but will be credited to users' accounts after.

Some recent upgrades include

- *April 23, 2024*: Binance performed a system upgrade from 06:30 UTC to 09:30 UTC to improve system performance and stability.

- *September 25, 2024*: Binance performed a scheduled upgrade at 06:30 UTC to improve system performance and stability, which took 3 hours.

- *October 8, 2024*: Binance performed a system upgrade at 06:00 UTC, which took 15 minutes.

To stay updated on the latest Binance news and announcements, you can visit their official website or follow their social media channels.

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