Withdrawals from the platform are also temporarily unavailable

​Binance suspends spot trading and deposits due to unknown problem

24.03.2023 - 12:40


2 min

What’s new? On March 24, around 11:40 UTC, crypto exchange Binance suspended spot trading due to an unknown problem and reported that the developers are fixing it. Later, deposits and withdrawals from the platform also became unavailable. Binance CEO Changpeng Zhao said that the problems will tentatively be resolved within 30 to 120 minutes.

What else is known about the situation? Initial analysis showed that the matching engine detected a bug on a trailing stop order, Zhao said. He assured that deposits and withdrawals have been suspended in accordance with standard operating procedures, and client assets are safe.

On March 13, Binance suspended British pound sterling deposits and withdrawals for new customers because the platform’s fiat partner, Paysafe, would no longer be able to provide these services. British pound sterling transactions are available until May 22.

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