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Binance Resumes Services as System Upgrade Completes
Hong Kong-based cryptocurrency exchange Binance has announced the resumption of trading following a systems upgrade.
Ni Wolfie Zhao
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Binance, a Hong Kong-based cryptocurrency exchange, has announced the resumption of all trading activities, including deposits and withdrawals, as of 10:00 UTC today.
In a status update, the platform further said it will lower trading fee by 70 percent until Feb. 24 to show its "gratitude" for users' support through the process.
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As reported by CoinDesk, the exchange first posted news of the suspension on Wednesday, citing server issues. The platform later announced that it would take longer than was originally planned to restore normal services. Previously, the exchange had announced that it was planning to resume services at 04:00 UTC today.
The incident subsequently sparked concerns among users of the exchange that it may have been hacked, given similarities with the initial statement from Japan's exchange platform Coincheck amid its recent heist of 500 million NEM tokens.
Zhao Changpeng, founder and CEO of Binance, soon denied the hacking rumor, arguing that the service suspension was necessary for the platform to complete its system upgrade.
However, users may still experience some issues, despite the claimed upgrade completion. Zhao added in a tweet that customers trying to access Binance.com may still face problems, because the website's cloud provider was under DDoS attack. While the issue was being resolved, he said, lingering problems could still exist.
Just prior to press time, he tweeted, "Trading is open!"
Cross signal image via Shutterstock
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Ano ang dapat malaman:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Gold tops $5,000 as bitcoin stalls near $87,000 in widening macro-crypto split: Asia Morning Briefing
Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.
Ano ang dapat malaman:
- Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
- Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
- Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.
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