8 hours ago
The outage prevented traders from managing positions, impacting the derivatives marketplace significantly.
Updated Aug 29, 2025, 7:11 a.m. Published Aug 29, 2025, 6:56 a.m.
Binance, the world’s largest crypto speech by volume, restarted futures trading aft a little outage caused by a “system issue” affecting its Unified Margin (UM) product.
"The contented affecting Futures UM trading connected Binance has been resolved. All futures trading is present afloat operational,” Binance said successful a station connected X.
The outage near traders incapable to adjacent oregon negociate positions, raising concerns crossed the derivatives marketplace wherever Binance commands a ample stock of planetary volume.
UM, launched successful 2022, allows users to excavation borderline assets crossed contracts and collateral types — meaning a shutdown has broader implications than a modular merchandise outage.
Binance has over $40 cardinal successful unfastened interest crossed crypto futures positions arsenic of Friday morning. Past disruptions connected the exchange, often tied to method bottlenecks during periods of precocious volatility, person typically lasted from nether an hr to respective hours.
UPDATE (Aug. 29, 07:10 UTC): Updates header and communicative with Binance resuming futures trading.
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