Binance has stopped the customer’s withdrawals and said that they will not resume trading till Friday (9th February 2018). The fear has spread in the market that Binance site is hacked. Binance strongly denied the hacking news. The company is giving the reason of prolonged system upgrade for this long blackout period. According to them, trading will resume at 4 A.M. UTC on Friday – “"We will allow a 30-minute window where users can cancel open orders prior to trading being opened," the exchange wrote. "We will continue to update every two hours until the upgrade is complete."
Binance is one of the most popular exchanges in the world to trade Bitcoin and 100s of Altcoins. Binance is Hong Kong-based with servers in Korea. One can not use fiat money, such as USD, EUR and, BP to purchase any Cryptocurrencies at Binance but bitcoin and 100s of Altcoins can be deposited to Binance. All trading is done with four cryptocurrencies, Bitcoin, Ethereum, USDT, and BNB. Binance is becoming one the best place to buy altcoins.