Image default
Cryptocurrency

Binance resumes withdrawals and spot trading after glitch caused outage


Updated at 7.02 Pacific Time on March 24: Binance said it has completed the maintenance and resumed deposits, withdrawals and spot trading functionalities. Our original story follows.

Binance, the world’s largest crypto exchange, has temporarily suspended all spot trading, deposits and withdrawals citing an “issue” that it’s working to resolve.

“Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one),” Binance founder and chief executive Changpeng Zhao said in a tweet, adding that the firm expects things to recover within two hours.

Binance commands over 60% of all crypto spot volume. It has also increased its market share of Bitcoin spot volume to over 90% in recent quarters, thanks to zero commissions, according to according to Arcane Research.

Bitcoin fell 1% to $27,649 and Ethereum fell 2% to $1,751 on the news before recovering slightly.





Source link

Related posts

Bitcoin (BTC) enters 10 Downing street as Liz Truss becomes UK Prime Minister

Marine Savard

From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships – Exchanges Bitcoin News

Marine Savard

Decentraland: Traders could see some profits if MANA stays put at these levels

Marine Savard

Bitcoin On Exchanges Keeps Sliding, 1 Million BTC Pulled From These Platforms

Marine Savard

Score One for Ripple

Marine Savard

CryptoCom Sends Letter to Clients Assuring Their Funds Are Safe. CRO Recovers 30% Since Yearly Low

Marine Savard

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More