The world's largest crypto exchange Binance on Friday said it will perform a scheduled system upgrade for selected Margin and Earn products on June 13. Crypto exchanges will suspend services related to Margin and some Binance Earn products. Users need to check their collateral balance and Margin position before the specified date.
Based on the official announcement on June 9, Binance will implement a scheduled system upgrade for Binance Margin and selected Binance Earn products next week. This service will be affected from 06:00 to 07:00 UTC on June 13.
Binance will suspend related services to protect its users and prevent any possible liquidation during the upgrade. All Margin related services such as trading, lending, repayment and fund transfer between Margin wallet and other wallets will be temporarily unavailable.
The exchange will also suspend subscriptions, Simple Earn Flexible Products and BNB Vault. It includes new Auto-Invest requests, crypto purchases via Auto-Invest with assets from Simple Earn Flexible Products, and use of Simple Earn Flexible Products balances for Binance Pay transactions.
Binance will suspend the withdrawal mechanism for Binance Margin, Classic Portfolio Margin Program and Portfolio Margin Program during a later upgrade.
