Binance, Exchanges

What Timezone Does Binance Use?

Binance, one of the world’s largest cryptocurrency exchanges, uses the GMT+0 timezone for all of its operations. This timezone is also known as Coordinated Universal Time (UTC).

All trading on Binance occurs in this timezone.

The use of UTC ensures that all traders are on an equal playing field. It also allows the exchange to operate 24 hours a day, as there is always at least one market open somewhere in the world.

NOTE: WARNING: It is important to note that Binance does not use a single, unified timezone. The timezone used by Binance is determined by the user’s geographic location. Therefore, it is important to make sure you are aware of your local timezone when using the Binance platform.

While Binance is headquartered in Malta, its servers are located in Singapore. This is because Singapore has more robust infrastructure and better connectivity than Malta.

The choice of timezone may seem arbitrary, but it’s actually quite strategic. UTC is the preferred timezone for many financial institutions and it’s also the timezone used by the majority of forex brokers.

By aligning itself with these established players, Binance increases its chances of being adopted by mainstream investors.

In conclusion, Binance uses the UTC timezone for all of its operations in order to be aligned with other major financial institutions and to offer 24-hour trading.

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