2 months ago 1 min read

Following Brief Maintenance, Binance Returns To Spot Trading


Binance, a leading cryptocurrency exchange, announced that all trading has resumed after brief system maintenance was finished. The exchange announced earlier on Friday that it had momentarily stopped all spot trading on the platform. According to a report, a problem's expected recuperation time ranges from 30 to 120 minutes. CEO of the exchange CZ confirmed the information, stating that all money are secure.

The Binance trading suspension coincided with growing worries as the global financial sector entered a crisis and shares of German multinational investment bank Deutsche Bank fell 11%. Although token values stay consistent, the cryptocurrency market is currently exhibiting signs of resiliency. The halt of Binance trade, however, came as the price of Bitcoin fell below the significant $28,000 mark.

Trading on Binance Spot Reopens

In response to trader concerns on the suspension of spot trading, the exchange first stated that the problem came about because the matching engine noticed an error on the trailing stop order. The crew announced in a most recent that the system maintenance was finished.

“Binance has completed temporary system maintenance and will resume all trading activity.”
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