Site has to go offline for maintenance

Traffic on Binance soars to record high: site has to go offline for maintenance

Binance had to go offline today for maintenance shortly after announcing new all-time traffic highs.

Leading crypto-asset exchange Binance had to suspend its spot and margin trading services at short notice. Just a few minutes earlier, the CEO had bragged on Twitter that the platform could easily handle new Bitcoin Bank record highs in website traffic.

Binance CEO Changpeng Zhao (or CZ for short) tweeted that the exchange had recorded a new all-time high in traffic on 10 February, stating that the platform had „handled the load“ of a 60 per cent increase in traffic and the previous day’s record traffic.

CZ also noted that the number of new registrations had reached a record high: „New accounts can still be registered, I don’t know for how long.“
CZ’s deleted tweet from 11 February.

The tweet has since been deleted and Binance posted a notice about „temporary system maintenance“ about 30 minutes later. The exchange was able to resume operations about an hour after the announcement.

Only futures trading was able to continue as usual

In doing so, the exchange announced that it had „suspended deposits, withdrawals, spot and margin trading, P2P trading, OTC portal trading, savings and redemptions, and asset transfers from sub-accounts, margin accounts, futures accounts and fiat wallets“.

CZ tweeted after the maintenance notice was published that he regretted his previous post:

According to website analytics service SimilarWeb, Binance was the 381st most popular website in the world in January, ranking third among websites in SimilarWeb’s „Finance > Investing“ category.

Traffic from Turkey doubled in January, representing the largest geographic traffic source for Binance. Turkish users accounted for 6.89 per cent of Binance’s 136 million monthly visitors. Russia was the second largest traffic source at 6.53 per cent, followed by the US at 5.11 per cent, the UK at 4.70 per cent and France at 3.50 per cent.