Binance Announcement of Scheduled Maintenance Sparks Fears of Volatility By Cryptovest


© Reuters. Binance Announcement of Scheduled Maintenance Sparks Fears of Volatility

Binance has added to concerns about the crypto market with a recent announcement of maintenance scheduled for March 12. Despite concerning a routine event, the news has led to expectations of market price swings in a pattern seen with earlier maintenance periods that triggered declines in prices.

“Binance will suspend deposits, withdrawals, and trading during this period. Deposits that are not completed before the start of the upgrade will be processed after the upgrade is complete. Please allow some time for deposits to be reflected in your account following the system upgrade,” the exchange team announced.

This article appeared first on Cryptovest

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