The world’s largest cryptocurrency exchange Binanceannounced that it has identified a number of issues affecting “futures” users. The team stated that it is trying to solve technical problems and announced that it will provide the necessary information as soon as possible.
Binance Is Facing A New Problem
Binance CEO Changpeng Zhaostated that the exchange is facing several issues affecting its futures API and its UI and API. He added that futures CM (COIN-Marginal) contracts are not affected by turbulence. However, only UM (USD-Margined) Contracts are reportedly affected.
The CEO stated that the affected systems are now back to normal. He added that there are some inconvenient server issues. However, now the migration from the affected servers has taken place.
Thus cryptocurrency market did not react to this news. The total value in the market increased by 1.15% in the last 24 hours and was recorded as 1.18 trillion dollars.
As a matter of fact, the negative news from the Binance front has increased recently. The community, on the other hand, is trying to protect itself from negativities by following these news closely.
As we’ve reported as Koinfinans.com, Binance received a shocking blow first from a lawsuit from the CFTC and then from Australia. CZ has announced that Binance Australia’s derivatives license has been revoked by a recent official order. He added that the spot exchange will continue to operate in the country.
You can follow the current price action here.