Binance Suffers Two-Hour Spot Market Outage Due to Software Bug

Binance on Twitter: “We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work to resolve this as soon as possible. New updates will be shared here. / Twitter”

We are aware of an issue impacting spot trading on Binance. All spot trading is currently temporarily suspended as we work to resolve this as soon as possible. New updates will be shared here.

Cryptocurrency exchange Binance suspended trading on its spot markets for two hours Friday because of a computer bug related to the trailing stop loss feature.

The world’s largest crypto exchange announced that it suspended spot markets at 11:38 UTC. Roughly one hour later, Binance CEO Changpeng “CZ” Zhao revealed that “engine one,” referring to one of the trading engines, was back online and that it was waiting for the other engines to catch up.