Binance’s stoppage of spot trading caused panic for a short time and Bitcoin dropped to $27450 on other exchanges.
A statement came from Binance that the problem has been resolved. Accordingly, trading on Binance will resume at 17:00. The announcement is as follows:
“Dear Binance users
Binance has completed temporary system maintenance and will resume all trading activities from 24-03-2023 14:00 (UTC).
From now on, users will be able to cancel orders, process deposits, trade on P2P and perform lending, redemption, asset transfers and all other account-related functions.
Withdrawals will resume shortly after spot trading begins.
The trailing stop order will be temporarily suspended until further notice.
Futures and margin trading users are advised to reevaluate their margin balances before starting spot trading in order to reduce any price fluctuations that may occur.
We sincerely apologize for any inconvenience.
Thank you for your support!
Binance Team
2023-03-24”