7 July 2020
The leading crypto exchange Binance had resumed its services after completing the upgrade. This new upgrade is claimed to be the biggest one in the past two years.
Earlier, Binance the crypto exchange that shares cryptocurrency live charts had released that they will go under the upgrading system for its trading platform on Sunday, June 28. The upgrade of Binance lasts for two hours for improving a wide range of features like deposits, withdrawal, and spot trading. During the upgrade period, all the trading activities were suspended and the process took more time than scheduled but completed successfully.
The CEO of Binance, Changpeng Zhao said in a tweet that the latest upgrade is the biggest upgrade to date. Binance was launched in 2017 and went through many series of system upgrades, some of which were simple upgrades and other more noticeable changes.
Last year, Binance doled out future products and main trading to users and also lending products and crypto staking features after. Earlier this year, the platform also launched an option futures trading platform.
In the last year, Binance introduced future products and main trading to users and also lending products and crypto staking features after. At the start of this year, Binance had also launched option futures trading platforms.
However, Zhao claims that the recent update is the largest yet. It has also completely overhauled the matching engine written in a new programming language that was developed for two years.