Binance announced an issue affecting future users as only the USD Margin Contract is affected. However, the largest crypto exchange quickly revealed that the problem had been resolved and all operations were back to normal.
Binance Futures Users Affected Due to UI and API Issues
- Binance Futures has announced that it has fully resumed trading activity for USD Margin contracts just minutes after its issuance.
- According to Binance CEO CZ, cryptocurrency exchanges are experiencing multiple issues with Futures UM Rest service/API affecting UI and API.
- In a subsequent 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 is not the first turmoil on Binance in recent times. In fact, the cryptocurrency exchange has announced that it will temporarily suspend all spot trading after encountering a trailing stop order error in its matching engine in March.
- Earlier this month, Binance announced the closure of its Australian derivatives division after its license was terminated 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 a massive outflow of Bitcoin from Binance.
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