Traffic to Binance surges to record highs, site goes down for maintenance

Leading crypto asset trading platform Binance was forced to suspend spot and margin trading services just minutes after its CEO switched to Twitter to boast that the platform had handled smoothly with new record highs for website traffic.

Binance CEO Changpeng Zhao, or CZ, tweeted that the exchange saw a new all-time high for traffic on February 10, indicating that the platform had “handled the load” of a 60% increase in traffic above the previous day’s record for traffic. the traffic.

CZ also indicated that new user subscriptions have hit record highs: “New account registrations are still open, and I’m not sure how long.”

CZ’s now deleted tweet on February 11th

The tweet has since been deleted, with Binance posting a “temporary system maintenance notice” about 30 minutes later. The exchange was back to normal business about an hour after the notice.

Only futures trading was able to continue business as usual, with the exchange announcing that it had “suspended deposits and withdrawals, spot and margin trading, P2P trading, OTC gateway trading, savings and redemptions, as well as asset transfers from sub-accounts and margin accounts, forward accounts and cash portfolios.”

CZ released a follow-up tweet mourning his original post after the Binance maintenance notice was posted:

According to the LikeWeb website analytics team, Binance was ranked the 381st most popular site worldwide in January, being third among the websites featured in the “Finance> Investing” category of a similar site.

Traffic from Turkey doubled during the month of January to be the largest geographic source of data traffic on Binance, with Turkish users representing 6.89% of Binance’s 136 million monthly visitors. Russia was the second largest source of traffic with 6.53%, followed by the United States with 5.11%, the United Kingdom with 4.70% and France with 3.50%.