Binance, the world’s largest crypto exchange after volume, restarted futures trading after a short power outage caused by a “system problem” affecting its overall margin (UM) product.
“The question that affects the Futures UM trade with Binance is resolved. All Futures -handel is now fully operational,” Binance said in a post on X.
The stop left traders who are unable to close or manage positions, raising concerns across the derivative market where Binance commands a large part of the global volume.
UM, launched in 2022, allows users to assemble margin assets across contracts and safety types – which means that a shutdown has wider consequences than a standard product interruption.
Binance has over $ 40 billion in open interest across Crypto Futures positions from Friday morning. Previous disturbances on the stock exchange, often tied to technical bottlenecks for periods of high volatility, have typically lasted from less than an hour to several hours.
Update (August 29, 07:10 UTC): Updates heading and history of Binance resumes Futures Trading.
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