Crypto Exchange Binance Suspends Spot Trading, Deposits and Withdrawals
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Cryptocurrency exchange Binance announced the suspension of spot trading, the issue that affected trading is now being resolved. The trading pause was a precautionary measure, explained Binance CEO Changpeng Zhao. Also, in accordance with the standard operating procedure, deposits and withdrawals have been suspended, Mr. Zhao said.
“We are aware of an issue impacting spot trading on Binance,” Binance said in a Twitter post (quoted from CoinDesk“. “All spot trading is currently temporarily suspended as we are working to resolve this issue as soon as possible,” the trading floor noted.
“Initial analysis indicates that the matching engine detected an error in the trailing stop order. Recovery. Approximately 30-120 minutes,” said Changpeng Zhao. Against the backdrop of this information, bitcoin fell by $700. Last night course exceeded $28.8 thousand
Read more in the publication “b FM” “Binance made a dangerous maneuver”.
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