Binance Will Be Shutdown For 8-hour For System Upgrade And How It Will Affect The Market?

Binance, one of the top crypto exchanges in the world may undergo a reconditioning as the exchange has announced an upgrade for their systems and would suspend all operations for 8 hours.

Binance has announced that it will be making a scheduled system upgrade on 12th March 2019 at 2:00 AM (UTC), a lot of people have already started predicting, how the prices would behave in the market when there will be no trades and volumes from one of the largest crypto exchange.

According to the official statement, the exchange will go down for 8 hours and will suspend deposits, withdrawals, and trading during this time. The announcement also stated that deposits that were not made before the start of the upgrade will be processed after the upgrade is complete. The exchange has also said 8 hours is an estimated time and this could change.

As a lot of people were speculating about the reason for this system upgrade, some of the users have recalled that last time when it was updated the prices came down almost 50%. While the Binance upgrade be good for its systems, but an 8-hour long upgrade is surely making people think as to why is this happening.

A new addition or is there an exposure, we have to wait and watch? But it’s certain, the markets will definitely feel the weight when one of the largest exchanges goes offline.

How will the scenario be when binance shuts down for 8-hours? Share your thoughts on our Twitter and Facebook pages. 

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Binance To Shutdown For 8 Hours! Do You Know Why?
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Binance To Shutdown For 8 Hours! Do You Know Why?
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Binance Exchange may shutdown for 8 hours for Binance Upgrade. Get the detailed coverage on what is the reason behind the system upgrade.
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Coinpedia
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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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