Binance “experiencing some synchronization issues”, says CEO Changpeng Zhao 22926 Binance is the largest and the fastest developing cryptocurrency exchange platform
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Ashmita Dutta
Sep 12, 2018 at 3:29 PM

Binance CEO Changpeng Zhao on Wednesday informed the exchange's users about the "synchronisation issues" encountered by the trading platform. However, he assured users that the issue will be resolved shortly and is too insignificant to hinder the normal services offered by Binance.

In the tweet, Zhao explicitly stated that some data involving orders and balance sheets present in the ledger system of the trading platform had gone "out of sync". This has interrupted its functioning, thereby generating a wave of apprehension among customers.

Technical issue not a big deal for Binance

Customers have been facing issues while carrying out order updates, withdrawal of funds and movement of balance. The tweet led many users to raise their concerns regarding the issue, though most seemed pacified by the fact that the platform was working on to fix the problem.

However, the technical issue seems to be really minor as compared with the latest developments that the trading platform has witnessed in recent days.

On Tuesday, 11th September  the crypto exchange along with Malta Stock Exchange entered into a Memorandum of Understanding [MoU] agreement for launching a digital exchange for the trading of virtual tokens.

Additionally, Zhao had recently vouched for the exchange's very first acquisition - Trust Wallet, which allows users to exercise more control over their digital coins.

See also: Binance CEO vouches for its official decentralised TrustWallet

See also: Binance and Malta Stock Exchange sign MoU, set to launch Token trading 

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