Binance just finished its largest platform upgrade in the past 2 years. The goal of the company was to get ready for the following crypto bull run.
The upgrade was finished on June 28, 2020. Now, Binance is much faster, which is important given the fact that it is the largest exchange in the industry.
All the code was rewritten by the trading platform. Coding was also modified so that matching engines can support new programming languages. According to Changpeng Zhao, Binance CEO:
“… so in theory can handle 100x volume. But when real volumes hit, there will be some other peripheral systems that may temporarily bottleneck, but will be fixed quickly.”
On Twitter, CZ declared:
At the moment, Bitcoin price dropped and went under the $9,000 mark. This marked the second such instance during a week. At the same time, we see numerous traders that keep buying. This happens because the industry is anticipating a new bull run that can lead to really large profits. If this does in fact take place, Binance claims to be completely ready to handle increased trading volumes.