Binance has released a transparency report detailing its API uptime performance for the first half of 2024. As Chief Technology Officer Rohit Wad stated, “Despite being a leading global blockchain ecosystem, one of our strongest values at Binance is we always stay humble.”
In the first half of 2024, Binance demonstrated this commitment by maintaining an impressive 99.99% API uptime. This high availability is crucial for the 200 million+ users who rely on our application programming interfaces (APIs) for critical data, including price, depth, and trading activity, essential for their market research and trading strategies.
Why API Uptime Monitoring is Essential:
APIs are vital for providing real-time market data to traders and investors. Binance’s extensive monitoring ensures these APIs are always available to support the 24/7 crypto market, allowing users to track the latest prices and analyze historical trends for various financial instruments.
During H1 2024, Binance experienced one incident affecting some API endpoints amid unprecedented trading activity. This event underscores the importance of robust API monitoring and timely incident response.
Uptime Calculation:
Binance calculates yearly uptime by dividing the total operational minutes by the total minutes in a year (8,784 hours) and then multiplying by 100 to obtain a percentage. For Q1 2024, Binance achieved:
January: 44,640 uptime minutes
February: 41,760 uptime minutes (with a 12-minute incident)
March: 44,640 uptime minutes
This results in a total of 131,028 uptime minutes out of 131,040, yielding a 99.99% uptime rate:
131,028mins/131,040mins×100=99.99131,028 mins / 131,040 mins \times 100 = 99.99%131,028mins/131,040mins×100=99.99
Looking Ahead:
Binance plans to release similar uptime reports quarterly to maintain transparency and keep users informed about system performance. Users are encouraged to provide feedback and suggestions through our Product Feedback & Suggestions platform, helping us enhance our services further.