Aug 29, 06:41 AM

Binance Restores Futures Trading After Brief Unified Margin Outage

Cryptocurrency exchange Binance briefly halted all futures trading on 29 August after detecting a technical issue on its Unified Margin platform, which consolidates collateral across derivatives positions. The interruption rendered every futures contract on the venue inaccessible to clients. Binance said the outage began at approximately 14:18 UTC+8 and that contract-transfer services were suspended during the incident. By about 14:36 UTC+8 (07:06 UTC), the exchange announced the problem had been fixed and futures trading was again fully operational.

#Binance #Unified Margin

Written with ChatGPT .

Sources

DEGEN NEWS@DegenerateNews
1 year ago
NEW: BINANCE ANNOUNCES “THE ISSUE AFFECTING FUTURES UM TRADING ON BINANCE HAS BEEN RESOLVED. ALL FUTURES TRADING IS NOW FULLY OPERATIONAL” https://t.co/sAdY6OlcoZ
Global Banking & Finance Review@GBAFReview
1 year ago
🚨 Binance announces temporary suspension of futures trading. The team is actively working to resolve this issue. Stay tuned for updates! #Binance #Crypto #FuturesTrading 🚨 https://t.co/Y4DinD5Elk
CoinDesk@CoinDesk
1 year ago
BREAKING: @binance, the world's largest crypto exchange by volume, has paused all futures trading after an issue with its Unified Margin (UM) product. By @shauryamalwa. https://t.co/fYOknxqTzw

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