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Binance Halts Futures Trading on Platform

Binance Halts Futures Trading on Platform

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by Giorgi Kostiuk

3 days ago

Leading cryptocurrency exchange Binance halted futures trading due to technical issues, which the team is currently addressing.

Reasons for Trading Halt

On Friday, Binance announced the suspension of all futures trading. The exchange confirmed that the team is working to resolve the issue; however, specific details are currently unclear.

Futures Trading Statistics

Binance is known as the leading derivatives trading platform in the world, accounting for more than half of the total trading volume. According to data from analytics platform CoinGlass, Binance ranks second in Bitcoin futures open interest with $14.3 billion.

Trading Status Update

As of 7:21 a.m. UTC, Binance clarified that the issue affecting futures trading has been resolved. "All futures trading is now fully operational," the exchange stated.

Thus, Binance has successfully restored futures trading following a temporary halt due to technical issues.

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