Binance has temporarily suspended spot trading, possibly due to an issue impacting its matching engine.
According to a recent update on Binance’s official Twitter account, the issue appears to be related to a bug in a trailing stop order.
CEO of Binance Changpeng Zhao (CZ) claims that the exchange is working to resolve the problem as quickly as possible, with an estimated recovery time of 30-120 minutes. In the meantime, deposits and withdrawals have been paused.
CZ has assured its users that their funds are SAFU and that they will provide further updates as the situation develops.
This is a developing story. We’ll update it as soon as we get more information.