Binance scheduled a software update for april 20

by in Blockchain News

Binance

The next software update was announced by the largest cryptocurrency exchange Binance. The administration of the trading floor published the corresponding announcement this morning.

The update is scheduled for April 20, it starts at 5:00 Moscow time. The developers promise to complete it within two hours. If any additional information emerges, Binance will post a separate message on its website.

During technical work, traders will not be able to carry out operations on the spot market, deposit and withdraw funds, as well as use the option to convert digital assets.

Besides, users will not be able to launch new accounts and resort to using a crypto lending service. Traders will temporarily lose access to Binance Pay systems as well as Binance Card.

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During the upgrade, it will not be possible to withdraw funds from Binance Launchpool and send assets from margin accounts and fiat wallets.

However, the administration was quick to clarify that there will be no bans on transactions in the derivatives market. You can continue trading in futures and options as usual.

The developers added that the ultimate goal of any software update is to improve system performance and improve the security of users' wallets.