Binance Maintains 99.99% API Uptime in H2 2024

# Binance Maintains 99.99% API Uptime Amid Record Traffic in Second Half of 2024 Binance reported on October 15 that it achieved an impressive 99.99% API uptime during the second half of 2024, despite handling record-breaking traffic levels. The cryptocurrency exchange released a comprehensive report detailing API performance and system outages for this period. The report highlighted that API uptime for both spot and futures CM (Cross-Margin) trading was a flawless 100%, though two minor disruptions were noted for other services. In July 2024, a partial outage in the Cross-Margin function affected operations for 38 minutes. Subsequently, in October 2024, a 35-minute service disruption impacted order placement and market data retrieval in the Futures UM (Universal-Margin) function. Binance swiftly minimized downtime through automated monitoring systems that quickly detected and resolved these issues. # Calculating Uptime Metrics Binance adheres to a rigorous methodology to calculate annual uptime. The total operational time for a domain within a year is divided by 8,784 hours (the total hours in a year) and then multiplied by 100 to determine the annual uptime percentage. For the third quarter of 2024, July had 44,640 minutes of potential uptime, followed by 44,640 minutes in August and 43,200 minutes in September, totaling 132,480 minutes. After excluding the 38 minutes of partial downtime on the Margin API service, uptime for the quarter was 132,442 minutes, resulting in a 99.97% uptime rate for margin services. In the fourth quarter, October contributed 44,640 minutes of potential uptime, November added 43,200 minutes, and December recorded 44,640 minutes, also summing up to 132,480 minutes. After deducting the 35 minutes of partial downtime on the Futures UM API service, the total uptime was 132,445 minutes, attaining a 99.97% uptime rate for the service. # Strategic Importance of Stable API Services Binance underlined the critical importance of maintaining stable API operations for its approximately 270 million users worldwide. These users depend heavily on the platform’s APIs for accessing essential market data, including price feeds, liquidity depth, and trading activity, which are vital for market analysis and trading strategies. "Ensuring stable service is crucial, as millions of users rely on our APIs to access key data that guides their market decisions," Binance stated.