Binance notified about an issue affecting its Future users as only USD-Margined contracts were impacted.
Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal.
- Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue.
- According to Binance CEO CZ, the crypto exchange is seeing several issues with Futures UM Rest service/API, which have affected its UI and API.
- In a following tweet, the exec noted that Futures CM (COIN-Margined) contracts have not been harmed.
“Systems should all be back to normal now. Some server issues before. Our team migrated off the affected servers. Thank you for your support!”
- This isn’t Binance’s first disruption in recent times. In fact, the crypto exchange announced suspending all spot trading on a temporary basis after a matching engine encountered a bug on the trailing stop order in March.
- Earlier this month, Binance revealed winding down its Australian derivatives division following its license cancelation by the Australian Securities and Investments Commission (ASIC).
- Meanwhile, the latest developments have emerged amid significant FUD against the CZ-led company following the CFTC’s market manipulation allegations.
- This was followed by intense Bitcoin outflows from Binance as a result.
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