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


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

Changpeng Zhao, CEO of Binance, or CZ, tweeted that the exchange saw a new all-time high for traffic on Feb.10.

CZ also noted that new user logins had marked record highs: “New account registrations pending, not sure how long.”

CZ’s now deleted February 11 tweet

The tweet has since been deleted, and Binance published a “notice of temporary system maintenance” about 30 minutes later. The exchange returned to normal operation approximately an hour after the notification was given.

Only futures trading could continue to work as usual. The exchange announced that it has “exposed deposits, withdrawals, spot and margin trading, P2P trading, OTC portal trading, saving and redemption, and asset transfers from sub-accounts and margin accounts, futures accounts and fiat wallets. “

CZ issued a follow-up tweet complaining about its original post after Binance’s maintenance notice was posted:

Disk problem with a cluster. Will be fixed shortly. Thank you for your understanding.

Shouldn’t have sent the last tweet. I was fighting myself now.

– CZ Binance (@cz_binance) February 11, 2021

According to website analytics team SimilarWeb, Binance was the 381st most popular website in the world in January and ranked third among websites in SimilarWeb’s “Finance> Investing” category.

Traffic from Turkey doubled in January, making it the largest geographic source of traffic for Binance. Turkish users account for 6.89% of Binance’s 136 million monthly visitors. Russia was the second largest source of traffic with 6.53%, followed by the USA with 5.11%, Great Britain with 4.70% and France with 3.50%.