Today, July 31, Binance announced it is performing a live upgrade on its wallet network aimed at enhancing performance and user experience.
What Binance Users Can Expect
In its announcement, Binance stated that the upgrade will take approximately 15 minutes. During this time, deposits and withdrawals for all networks will be suspended.
However, users can still trade tokens during wallet maintenance. Binance assured users that it will open deposits and withdrawals once the network becomes stable.
New DEX Pro Tool for Traders
The network upgrade follows the launch of a new trading tool, DEX Pro mode, for experienced traders. This tool, powered by the Secure Auto Sign feature, enables a new type of limit order that offers greater flexibility.
DEX Pro also improves cost efficiency and offers more advanced order management compared to traditional decentralized exchanges.
BNB Shows Positive Market Trends
Binance Coin (BNB) appears to be benefiting from recent developments. Over the past 24 hours, BNB has increased by 0.5% to $807.8. Although the increase is small, it suggests price recovery after intense volatility in the past few days.
On the weekly and monthly charts, the BNB price surged 5.7% and 24%, respectively, with a market cap of $112.6 billion.
The wallet network upgrade and the launch of the new trading tool emphasize Binance's efforts to enhance its services and provide value to users.
