Cryptocurrency exchange Binance announced the suspension of spot trading, a problem that affected trading is now being resolved. The trading pause was a precautionary measure, explained Binance head Changpeng Zhao. Deposits and withdrawals have also been suspended in accordance with standard operating procedures, Mr. Zhao said.
“We are aware of a problem affecting spot trading on Binance,” Binance said in a post on Twitter (quoted by CoinDesk. “All spot trading is currently temporarily suspended as we work to resolve the issue as quickly as possible,” the trading platform noted.
“Initial analysis indicates that the matching mechanism detected an error in the sliding stop order. Recovery. Approximately 30-120 minutes,” Changpeng Zhao reported. On the background of this information bitcoin fell to $700. Last night the rate exceeded $28.8 thousand.