Binance temporarily suspends spot trading

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Changpeng Zhao; Photo Source: Binance (YouTube)

Crypto exchange Binance temporarily suspended deposits, withdrawals, and spot trading services due to a bug affecting its trading engine.

On Friday, Binance CEO Changpeng Zhao tweeted that the exchange’s matching engine encountered issues on a trailing stop order. Subsequently, Binance disabled asset transfers as part of its standard operating procedure.



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CZ reassured the community that the software bug will not impact token prices, adding,

“If it moves on smaller exchanges, when Binance comes back, our deeper orderbook will bring the price back, causing those guys to lose money. Traders know this.”

As per its latest blog post, Binance has finished the system maintenance. As of writing, the exchange has re-enabled deposits, internal transfers, and order cancellation facilities.

The exchange will also resume withdrawals once it enables spot trading. However, trailing stops will remain suspended on its platform. The CEO of Binance claimed that Binance will cancel open trailing orders and notify users with outstanding trailing orders via emails and push notifications.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Crypto exchange Binance temporarily suspended deposits, withdrawals, and spot trading services due to a bug affecting its trading engine.

On Friday, Binance CEO Changpeng Zhao tweeted that the exchange’s matching engine encountered issues on a trailing stop order. Subsequently, Binance disabled asset transfers as part of its standard operating procedure.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


CZ reassured the community that the software bug will not impact token prices, adding,

“If it moves on smaller exchanges, when Binance comes back, our deeper orderbook will bring the price back, causing those guys to lose money. Traders know this.”

As per its latest blog post, Binance has finished the system maintenance. As of writing, the exchange has re-enabled deposits, internal transfers, and order cancellation facilities.

The exchange will also resume withdrawals once it enables spot trading. However, trailing stops will remain suspended on its platform. The CEO of Binance claimed that Binance will cancel open trailing orders and notify users with outstanding trailing orders via emails and push notifications.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande