Top crypto exchange Binance said it completed temporary system maintenance and resumed all trading activity. Earlier on Friday, the exchange said it suspended all spot trading on the platform on a temporary basis. It was reported that the estimated recovery time for fixing an issue to be between 30-120 minutes. The exchange’s CEO CZ confirmed the news saying all the funds are safe.
The Binance trading halt came at a time when rising concerns as German multinational investment bank Deutsche Bank’s shares dropped by 11% as the global banking system undergoes a crisis. Meanwhile, the crypto market is currently showing signs of resilience as the token prices remain stable. However, the Binance trading suspension coincided with Bitcoin price going below the $28,000 milestone.
Binance Spot Trading Resumes
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Addressing concerns of traders over the spot trading halt, the exchange said initially that issue occurred as the matching engine saw an error on the trailing stop order. In a latest, the team said it had completed the system maintenance.
