Binance Pauses Spot Trading Due to ‘Error’ in Order Book

By Lillie Lamb On Mar 24, 2023

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Binance has temporarily suspended spot trading, possibly due to an issue affecting its matching engine.

According to a recent update on the official Binance Twitter account, the issue appears to be related to a bug with the Trailing Stop order.

We are aware of an issue affecting spot trading on Binance.

All spot trading is currently temporarily suspended as we are working to resolve this issue as quickly as possible.

New updates will be shared here.

– Binance (binance) March 24, 2023

Binance CEO Changpeng Zhao (CZ) claims that the exchange is working on resolving the issue 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 money is SAFU and that they will provide more updates as the situation develops.

Initial analysis indicates that the matching engine encountered an error on the Trailing Stop order (strange). Recovering. Estimated 30-120 ish minutes. Waiting for a more accurate time.

Deposits and withdrawals are paused as standard operating procedure (SOP). funds #Safu. ???? https://t.co/mvtGQ3JlMA

– Czechoslovakia ???? Binance (cz_binance) March 24, 2023

This is a developing story. We will update it once we have more information.

Binance Pauses Spot Trading Due to ‘Error’ in Order Book

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