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


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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.

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.

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

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