• Binance Futures experienced an issue affecting its USD-Margined contracts UI and API.
• The crypto exchange quickly resolved the issue, restoring all operations back to normal.
• This isn’t Binance’s first disruption in recent times as it previously suspended spot trading and wound down its Australian derivatives division.
Binance Futures Issue
Binance recently notified of an issue affecting its Future users, as only USD-Margined contracts were impacted. Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal.
Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue. According to Binance CEO CZ, the crypto exchange was seeing several issues with Futures UM Rest service/API, which had affected its UI and API but no Coin Margin Contracts were harmed. Systems should all be back to normal now after some server issues before where their team migrated off the affected servers.
This isn’t Binance’s first disruption in recent times. In fact, the crypto exchange announced suspending all spot trading on a temporary basis after a matching engine encountered a bug on the trailing stop order in March 2021. Earlier this month, Binance revealed winding down its Australian derivatives division following its license cancelation by the Australian Securities and Investments Commission (ASIC).
Recent FUD Against Binance
These developments have emerged amid significant FUD against the CZ-led company following alleged market manipulation charges by Commodity Futures Trading Commission (CFTC), followed by intense Bitcoin outflows from Binance as a result.
Special Offer for Affected Users
In order to show support for their customers during this time, Binance is offering special offers for those affected users who experienced any losses due to this incident such as discounts on fees or other benefits over time spent on their platform.