Binance, Exchanges

Is Binance Still Down?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is still down after an extended outage that began on Wednesday.

The exchange’s website and mobile apps have been inaccessible for more than 24 hours, and users have been unable to withdraw or deposit cryptocurrencies.

Binance has not provided any updates on the status of the outage, but it appears to be affecting all users globally.

NOTE: This is a warning note to remind you that Binance is still in the process of recovering from the data breach it suffered in May 2020. It is still in a process of restoration and full services have not been restored yet. Therefore, it is recommended that you do not use Binance until the issue has been resolved as it may not be secure or reliable.

The outage comes at a time when the cryptocurrency market is experiencing a major correction, with prices of major coins such as Bitcoin and Ethereum plunging by double-digit percentages.

It is unclear if the Binance outage is related to the market sell-off, but it has added to the bearish sentiment in the market.

Binance is one of the most popular cryptocurrency exchanges in the world, and its extended outage is a major inconvenience for users. The exchange needs to provide timely updates on the status of the outage, and take steps to ensure that such disruptions do not occur in the future.

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