Leading cryptocurrency trading platform Binance was forced to halt its spot and margin trading services just minutes after the CEO switched to Twitter to boast that the platform had successfully met new record traffic figures on the site.
Binance chief Changpeng Zhao, or CZ, tweeted that the stock exchange saw a new full-time in traffic on February 10, noting that the platform “coped with the load” of a 60% increase in traffic from the previous day’s record. …
CZ also indicated that the number of new user subscriptions has reached a full-time high: “New account registrations are still open, and I’m not sure how long.”
Czechoslovakia tweet ends February 11
The tweet has since been deleted, and about 30 minutes later Binance issued a “temporary system maintenance alert.” The control panel returned to normal operating mode approximately one hour after notification.
Only futures trading was able to continue operating as usual, with the stock exchange announcing “suspended deposits, withdrawals, spot and margin trading, P2P trading, OTC gateway trading, savings and redemptions, and transfer of assets from sub-accounts and margin account. , futures accounts and cash portfolios ”.
After the service review of Binance was posted, CZ posted the following tweet apologizing for the original post:
According to the LikeWeb web analytics group, Binance was ranked 381st among the world’s most popular sites in January, ranking third among sites in the Finance> Investments category on a similar site.
Traffic from Turkey doubled during January to become the largest geographical source of data traffic on Binance, with Turkish users accounting for 6.89% of Binance’s 136 million monthly visitors. Russia was the second largest source of traffic with 6.53%, followed by the United States with 5.11%, the United Kingdom with 4.70% and France with 3.50%.