Binance, the largest crypto exchange in the world by volume, which restarts trading futures after a brief flowing caused by a “system issue” affecting its unified margin (One) Product.
“The issue affecting futures um trading in Binance has been resolved. All futures trading is fully operational,” Binance said in a post on x.
The outage left merchants who could not close or manage positions, raising concerns throughout the derivatives market where Binance regulated a large portion of the global volume.
UM, which was launched in 2022, provides users to placed margin assets throughout the contracts and collateral types -meaning that a shutdown has greater implications than a standard product flow.
Binance is More than $ 40 billion in open interest Throughout the positions of crypto futures until Friday morning. Previous interruptions in the exchange, often tied to technical bottlenecks during high volatility periods, usually last from under an hour to several hours.
Update (August 29, 07:10 UTC): Update headlines and stories with binance resuming futures trading.
