In a recent development, leading cryptocurrency exchange Binance has put forth a Binance announcement that is of particular interest to Shiba Inu and XRP holders. The announcement outlines a planned Binance system upgrade on selected Binance Earn products, scheduled for Sept. 20 between 6:00 a.m. (UTC) and 9:00 a.m. (UTC). The aim of this upgrade is to bolster system performance and stability.
The Scope of the Upgrade
All Liquid Swap services, including swap trading on Swap Farming, the addition or removal of liquidity on Liquidity Farming, and the redemption of liquidity pool rewards from Liquidity Farming, will be on hold during the system upgrade. Users should be aware of potential intermittent disruptions to subscriptions and redemptions for a range of services, such as:
- DeFi Staking
- Simple Earn products
- BNB Vault
- Auto-Invest
- Dual Investment and ETH Staking
The wrapping and unwrapping function on ETH Staking will also be affected during this period.
Implications for Auto-Invest Plans
The Binance announcement further mentions that scheduled cryptocurrency purchases via existing Auto-Invest plans may experience delays due to the system upgrade. While the duration of the upgrade is estimated to be around three hours, Binance has indicated that it may vary. All affected services are expected to resume post-upgrade, with no further announcements planned.
Impact on Shiba Inu and XRP Holders
Back in May, Binance added both XRP and Shiba Inu to its Auto-Invest platform. With over 200 assets and portfolio plans, the platform also includes other cryptocurrencies like Cardano (ADA) and Bitcoin (BTC). Particularly noteworthy is the inclusion of Shiba Inu in Binance’s liquid swap, making the Binance announcement and the ensuing system upgrade crucial for its holders.
With such developments, it becomes essential for crypto investors to stay updated. One way to do this is by using applications like cryptoview.io that provide comprehensive insights into the crypto market.
