Binance, the largest crypto exchange in the world in volume, restarted the term exchange after a brief breakdown caused by a “system problem” affecting its unified margin product (UM).
“The question affecting the UM trading on Binance has been resolved. All trading in the long term are now fully operational,” said Binance in an article on X.
The breakdown left merchants unable to conclude or manage positions, which raises concerns on the derivative market where binance commands a large part of world volume.
UM, launched in 2022, allows users to pool margin assets between contracts and types of guarantees – which means that a stop has wider implications than standard product failure.
Binance has more than $ 40 billion in interest open in the term crypto positions from Friday morning. The disturbances passed in exchange, often linked to the technical bottlenecks during periods of high volatility, generally lasted from less than an hour to several hours.
Update (August 29, 07:10 UTC): Updates the title and history with Binance Resuming Futures Trading.
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