Binance Attains 99.99% API Uptime in H2 2024

# Binance Achieves 99.99% API Uptime Amid Unprecedented Traffic in H2 2024 On October 15, Binance unveiled that it successfully maintained a remarkable 99.99% uptime for its API operations throughout the latter half of 2024, despite facing record-breaking traffic levels. The cryptocurrency exchange also published an in-depth 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 perfect 100%. However, there were two minor service disruptions affecting other functions. In July 2024, there was a 38-minute partial outage in the Cross-Margin feature. Similarly, in October 2024, a service disruption lasted 35 minutes, impacting order placements and market data retrieval in the Futures UM (Universal-Margin) function. Binance swiftly mitigated these issues by employing automated monitoring systems that immediately detected and resolved the downtime. # How Uptime Metrics Are Calculated Binance uses a meticulous methodology to compute annual uptime. It involves dividing the total operational time for a domain by 8,784 hours (the yearly total) and then multiplying by 100 to derive the annual uptime percentage. For Q3 2024, July offered 44,640 minutes of potential uptime, August 44,640 minutes, and September 43,200 minutes—totaling 132,480 minutes. After excluding the 38 minutes of downtime for the Margin API service, the total uptime for the quarter was 132,442 minutes, resulting in a 99.97% uptime rate for margin services. In Q4, October had 44,640 minutes, November 43,200 minutes, and December 44,640 minutes, also amounting to 132,480 minutes. Subtracting the 35 minutes of downtime for the Futures UM API service, the total uptime reached 132,445 minutes, maintaining a 99.97% uptime rate for these services. # The Strategic Importance of Reliable API Services Binance stressed the critical importance of maintaining stable API operations, highlighting its global user base of around 270 million. These users rely heavily on the platform’s APIs for essential market data, including price feeds, liquidity depth, and trading activity, which are crucial for market analysis and trading strategies. "Ensuring stable services is crucial as millions of users depend on our APIs for accessing critical data that drives their market decisions," Binance stated.