Binance futures users experienced issues trading on the platform early on April 10th.
The issue appears to have been resolved and trading has resumed at the time of writing.
CEO Changpeng ‘CZ’ Zhao said the exchange’s futures UM Rest service/API has issues affecting the user interface (UI) and API. He added that this only affects US dollar margin contracts.
CZ later clearly After the exchange was migrated off the affected server, its services were resumed.
“We had some server issues before. Our team migrated off the affected servers.”
Official Twitter handle of the exchange backed up CZ statement.
binance status page Indicated All systems are working optimally at the time of press.
Battle of Binance
CZ-driven exchanges are coming under increasing scrutiny following recent events in the industry.
On March 27th, the Commodity Futures Trading Commission (CFTC) filed an enforcement action against Binance. At the time, the exchange said the charges were “unexpected” and promised to cooperate with regulators.
The exchange temporarily suspended deposits and withdrawals from the Binance Smart Chain (BSC) network on March 30, citing node issues.
Meanwhile, rumors surfaced that Interpol issued a red alert notice to CZ on April 3rd.
A post about Binance resolving issues affecting futures traders first appeared on CryptoSlate.
