Binance, Exchanges

Is Binance Down Today?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is down today. The outage comes on the heels of a major system upgrade that the company had announced earlier this week.

Binance’s website and mobile apps are both inaccessible at the time of writing. The company’s CEO, Changpeng Zhao, took to Twitter to inform users that the team is “working hard” to resolve the issue.

This is not the first time that Binance has experienced an outage. In February, the exchange went offline for several hours amid heavy trading activity.

NOTE: WARNING: Binance is a legitimate platform and there is no indication that it is down today. However, some users have reported issues with connectivity, so you should always be vigilant when using the platform. Additionally, there have been reports of fraudulent websites purporting to be Binance, so it is important to verify that you are accessing the official website before entering any information or making any transactions.

At the time, Binance attributed the issue to a “server degradation.”.

The latest outage comes as Bitcoin and other cryptocurrencies are on a tear. Bitcoin hit a new all-time high earlier today, and Ethereum’s price is close to surpassing its previous record high.

Binance is one of the most popular cryptocurrency exchanges in the world, so any downtime is bound to have a significant impact on the market. We will update this article as more information becomes available.

Update: Binance has resumed trading after a two-hour outage. The company says that all funds are safe and that no user data was compromised in the incident.

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