Breaking: Binance Futures Users Affected; CZ Replies

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Crypto News: On Monday, Binance, the world’s biggest crypto exchange, reported that the platform registered some issues affecting its Futures users. It mentioned that their team is working on the solution and updates will be provided to users over time.

Changpeng Zhao (CZ), Binance CEO stated that the exchange is facing several issues with Futurrs UM Rest service/API which have affected its UI and API. He added that Futures CM (COIN-Margined) contracts are unaffected by turbulence. However, only UM (USD-Margined) Contracts are reportedly being affected. Read More Crypto News Here…

Binance has been reporting events disturbing trading quite frequently. Earlier, It suspended all spot trading on the platform on a temporary basis. However, it was found that a matching engine encountered a bug on the trailing stop order.

Also Read: FTX Identifies Critical Failures By Sam Bankman-Fried And His Inner Circle

(THIS IS A DEVELOPING STORY)

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