Binance Futures Returns To Normal Operation After Technical Problem

Key Points:

• Binance temporarily halted USDT leveraged futures due to technical issues but swiftly resolved the problem, resuming trading.
• CZ acknowledged the glitch and assured users that their team was actively addressing it.
• The exchange announced the launch of copy trading on its web platform, allowing users to follow real-time contract trading strategies from leading traders starting September 12.

Binance, a leading cryptocurrency exchange, recently grappled with a technical problem that temporarily disrupted its futures trading services.

In an official statement, the exchange acknowledged the issue and informed users that USDT leveraged futures transactions were temporarily unavailable due to a technical glitch.

“We’re aware of an issue impacting futures trading on Binance. USDT-Margined futures trading is currently unavailable as we work to resolve this as soon as possible,” the exchange announced.

Binance CEO Changpeng Zhao, popularly known as CZ, confirmed the technical problem and assured users that their team was actively working to rectify the situation.

The incident specifically affected USDT-Margined futures, while Coin-Margined futures remained unaffected. Fortunately, Binance swiftly resolved the issue, announcing:

“The issue affecting USDT-Margined futures has been resolved and trading has been resumed.”

In a positive development, the exchange also revealed plans to introduce copy trading on its web platform. This feature will enable users to automatically follow the real-time contract trading strategies of leading traders, enhancing accessibility and convenience for traders on the platform.

Trading enthusiasts and professionals can look forward to an interesting and rewarding trading environment with the introduction of copy trading by Binance Futures. It’s crucial to remember that, depending on where you live, some things might not be as readily available. It is therefore advisable to rely on official sources for reliable and current information about the accessibility of products.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.