Binance Resumes Spot Trading After Temporary Maintenance
Top crypto exchange Binance said it completed temporary system maintenance and resumed all trading activity. Earlier on Friday, the exchange said it suspended all spot trading on the platform on a temporary basis. It was reported that the estimated recovery time for fixing an issue to be between 30-120 minutes. The exchange’s CEO CZ confirmed the news saying all the funds are safe.
Also Read: Nasdaq To Offer Crypto Custody Services Soon Despite Regulatory Burden
The Binance trading halt came at a time when rising concerns as German multinational investment bank Deutsche Bank’s shares dropped by 11% as the global banking system undergoes a crisis. Meanwhile, the crypto market is currently showing signs of resilience as the token prices remain stable. However, the Binance trading suspension coincided with Bitcoin price going below the $28,000 milestone.
Binance Spot Trading Resumes
Addressing concerns of traders over the spot trading halt, the exchange said initially that issue occurred as the matching engine saw an error on the trailing stop order. In a latest, the team said it had completed the system maintenance.
“Binance has completed temporary system maintenance and will resume all trading activity.”
Also Read: US Fed Prints $400 Billion, Bitcoin Price and Ethereum Set To Rally
- Analyst Turn Bullish with $400 SOL Target as Hong Kong Approves First-Ever Solana ETF in Asia
- Veteran Trader Peter Brandt Says “MSTR Could Go Underwater” If Bitcoin Repeats 1977 Soybean Crash
- BSC Meme Season Ends as PumpFun Surpasses Four Meme Amid $8M Inflows
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
