Binance Futures Users Affected Due to UI and API Issues

Binance notified about an issue affecting its Future users as only USD-Margined contracts were impacted.

Nevertheless, the largest crypto exchange quickly outlined that the issue had been solved, and all operations are back to normal.

• Binance Futures announced fully resuming trading activity for USD-Margined contracts just minutes after the issue.
• According to Binance CEO CZ, the crypto exchange is seeing several issues with Futures UM Rest service/API, which have affected its UI and API.
• In a following tweet, the exec noted that Futures CM (COIN-Margined) contracts have not been harmed.

“Systems should all be back to normal now. Some server issues before. Our team migrated off the affected servers. Thank you for your support!”

• This isn’t Binance’s first disruption in recent times. In fact, the crypto exchange announced suspending all spot trading on a temporary basis after a matching engine encountered a bug on the trailing stop order in March.
• Earlier this month, Binance revealed winding down its Australian derivatives division following its license cancelation by the Australian Securities and Investments Commission (ASIC).
• Meanwhile, the latest developments have emerged amid significant FUD against the CZ-led company following the CFTC’s market manipulation allegations.
• This was followed by intense Bitcoin outflows from Binance as a result.