Binance, the world’s largest cryptocurrency exchange, announced today that it has stopped spot trading on Binance.
Stating that there is a problem in Binance that affects spot trading, the exchange made the following statements in its Twitter post:
“We are aware of an issue affecting spot trading on Binance.
All spot trading is currently temporarily suspended as we work to resolve this as soon as possible.
New updates will be shared here.”
We are aware of an issue impacting spot trading on Binance.
All spot trading is currently temporarily suspended as we work to resolve this as soon as possible.
New updates will be shared here.
— Binance (@binance) March 24, 2023
The latest statements from Binance CEO CZ are as follows:
Initial analysis shows that the matching engine encountered an error on a trailing stop order. Average recovery time is estimated at 30-120 minutes. Also, withdrawals have been paused. The funds are safe.
Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). recovery. Est 30-120 min-ish. Waiting for more precise ETA.
Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU. 🙏 https://t.co/mvtGQ3JlMA
— CZ 🔶 Binance (@cz_binance) March 24, 2023
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