Binance to reduce transaction fees by 70% till Feb 24, 2018

Popular cryptocurrency exchange Binance has announced on its site today, Jan. 9, that it has completed its system upgrade after technical difficulties resulted in significant delays.

The company’s post confirmed all functionality would return at 10am UTC Jan. 9, with Binance offering a two-week 70% discount on trading fees as a sign of “gratitude for their unwavering support throughout the upgrade process.”

As of January, Binance was the largest trading platform in the world, with Cointelegraph reporting user numbers increasing by 240,000 per hour and restrictions being placed on new sign-ups.

CEO Changpeng Zhao also hinted in a twitter post that there was a DDoS attack on their servers which was resolved.

• Link to binance blog.

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