Binance completes maintenance and resumes spot trading
Starting 14:00 UTC, users can deposit and withdraw from the platform again
24.03.2023 - 16:00
239
1 min
0
What’s new? Binance has completed system maintenance and resumed all trading activity almost 2,5 hours after the failure. Starting from 14:00 UTC, users can also deposit and withdraw funds from the platform again. At the same time, the Binance team warned that the stop orders in place at the time of the system failure (around 11:40 UTC) automatically expired.
Announcement on the Binance blog
What else does the blog say? Binance representatives recommended that futures and margin trading users with open positions re-assess collateral balances before spot trading to mitigate possible price fluctuations. They also apologized for any inconvenience caused.
What is known about the bug? According to the exchange’s CEO Changpeng Zhao, the reason was a bug on a trailing stop order detected by the matching engine. In this, he assured users of the safety of funds
Useful material?
Technologies
It is available to crypto wallet users worldwide as an additional feature
May 15, 2024
Market
The ex-official known for his initiatives to explore the potential of blockchain in the financial system has joined the board of directors of a fintech company
May 14, 2024
Business
Earlier, Brad Garlinghouse claimed apparent harassment of the company by the US authorities
May 14, 2024
Crypto regulations
According to Brad Garlinghouse, the magnitude of the impact of such harassment on the crypto ecosystem is beyond prediction
May 13, 2024
Crypto regulations
The condition is part of the exchange’s agreement with authorities to plead guilty to regulatory violations
May 13, 2024
Market
The USDT issuer responded by saying that the report lacked sufficient data to support such claims
May 10, 2024