Binance Crypto Exchange Issues Risk Warning, Keeps Trading, Withdrawals Suspended

Crypto trade Binance is continuing trading and withdrawals suspended because of a risk cautioning, even after completion of their broadened four hours scheduled upgrade today, June 26, as per a help see from Binance.

Binance had posted before about the additional time of the advancement, at that point included an update that the upgrade was finished and trading would start at 9:30 am (UTC). Be that as it may, another update took after, taking note of the proceeded suspension of trading and withdrawals because of a notice after a pre-trade check by their risk management system:

“Due to a warning from a pre-trade check in our risk management system, we will postpone the start of trading and withdrawals.

Please stay tuned for more information regarding the reopening of trading and withdrawals.

We apologize for any inconvenience and thank you for your patience.”

In January, Kraken, the crypto exchange also encountered an unforeseen deferral during an upgrade, remaining down for over two days before continuing normal activity.

Binance is positioned fifth among exchanges by everyday trading volume on Coinmarketcap, having traded around $629 million over a 24-hour duration to press time.