Well-known cryptocurrency exchange Binance has declared today, Feb. 9, that it has finished its system upgrade after technical problems resulted in considerable retentions.
The company’s announcement acknowledged all functionality would return at 10am UTC Feb. 9, with Binance offering a 2-week 70% discount on trading fees like a sign of “gratitude for their unwavering support throughout the upgrade process.”
Binance has growen to transborder glory in the brief 6-month term it has existed on the cryptocurrency exchange market.
General manager Changpeng Zhao was declared as one of the crypto industry’s “richest people” in a first-of-its-kind list from Forbes this week, having already appeared on mass media as an industry expert, even openly criticising Warren Buffett.
Binance was considered to be the biggest trading platform in the world for January 2018, Cointelegraph reporting user numbers increasing by 240,000 per hour and bounds being placed on new sign-ups.
Despite a “delay” in the complex procedures used to contribute the upgrade, Zhao assured consumers on social media that the integrity of data was not at risk at any point.
“There was a DDoS assault on our cloud supplier, resolved, but still some protracted effects,” he said in a further recent twitter post.
The exchange had managed to disprove charges a hack was taking place as the technical problems unfolded Thursday, Feb. 8.