Binance Futures experienced a temporary disruption in its UI and API services that affected only its USD-Margined contracts. However, the largest crypto exchange promptly announced that the issue had been resolved, and all operations are back to normal.
Binance CEO CZ confirmed that the Futures UM Rest service/API had caused the UI and API issues, but Futures CM (COIN-Margined) contracts remained unaffected.
The company announced the full resumption of trading activity for USD-Margined contracts just minutes after the problem was identified.
This is not the first time Binance has faced disruptions. In March, the crypto exchange suspended all spot trading after a bug was detected in its matching engine for trailing stop orders. Additionally, Binance recently announced the shutdown of its Australian derivatives division after ASIC canceled its license.
These latest developments follow the CFTC’s market manipulation allegations against Binance, leading to significant FUD against the CZ-led company. As a result, Binance has experienced intense Bitcoin outflows. Despite these challenges, Binance continues to address issues and ensure smooth operations for its users.
Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.
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