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Binance resumes spot trading after glitch

Cryptocurrency exchange Binance says it is back up and running after it was forced to suspended all spot trading on its platform due to a bug.

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Binance resumes spot trading after glitch

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In a tweet, the firm said that all trading was set to resume at 14:00 UTC after temporary system maintenance had been completed.


The issue lasted for more than two hours, sending cryptocurrency prices down. Binance processed nearly $15 billion in spot trading volume in the last 24 hours, according to CoinGecko.

Earlier, the firm's CEO Changpeng Zhao, tweeted: "Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one). Recovering. Est 30-120 min ish. Deposits & withdrawals are paused as a SOP (standard operating procedure). Funds are #SAFU."

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