BNB price turns bearish as Binance futures trading faces a temporary outage
The post BNB price turns bearish as Binance futures trading faces a temporary outage appeared on BitcoinEthereumNews.com. The trading platform halted contract transfer today due to a brief downtime. Binance has fully restored the trading services. BNB price momentum has weakened after the halt. The leading crypto exchange, Binance, encountered an anticipated disruption in its futures trading offerings early today. Users failed to execute futures contracts between 14:18 and 14:36 UTC+8 after a temporary service halt. Binance confirmed the issue on X, stating that all futures trading was unavailable as the team worked on restoration. We’re aware of an issue affecting Futures UM trading on Binance. All futures trading is temporarily unavailable. Our team is working to resolve this as soon as possible. New updates will be shared here. Thank you for your patience. — Binance (@binance) August 29, 2025 While everything has resumed to normal, Binance’s sudden halt reminded us of the risks linked to centralized exchanges, with even brief outages causing ripple throughout the market. The community criticized the outage. Some accused Binance of market manipulation while lesser-known decentralized exchanges advertised themselves in the comment section. One X user commented: Another day, another CEX outage. This is why decentralized futures markets like MuesliSwap on Cardano hit different. No single point of failure, no downtime, just market action 24/7. Binance’s native token took a hit amidst the development, plunging from daily highs of $876 to $856 within minutes. The swift restoration Within an hour, Binance announced that it had resolved the issue, and all futures trading was active. The quick action likely cooled fears and concerns about the CEX’s reliability. Still, the event dented community sentiments. Most users questioned how Binance would compensate those who suffered losses due to the service disruption. And may I ask who covers the loss I just made because of your systems server issues???? What sort of chart is this?Absolute disgrace,…
The post BNB price turns bearish as Binance futures trading faces a temporary outage appeared on BitcoinEthereumNews.com.
The trading platform halted contract transfer today due to a brief downtime. Binance has fully restored the trading services. BNB price momentum has weakened after the halt. The leading crypto exchange, Binance, encountered an anticipated disruption in its futures trading offerings early today. Users failed to execute futures contracts between 14:18 and 14:36 UTC+8 after a temporary service halt. Binance confirmed the issue on X, stating that all futures trading was unavailable as the team worked on restoration. We’re aware of an issue affecting Futures UM trading on Binance. All futures trading is temporarily unavailable. Our team is working to resolve this as soon as possible. New updates will be shared here. Thank you for your patience. — Binance (@binance) August 29, 2025 While everything has resumed to normal, Binance’s sudden halt reminded us of the risks linked to centralized exchanges, with even brief outages causing ripple throughout the market. The community criticized the outage. Some accused Binance of market manipulation while lesser-known decentralized exchanges advertised themselves in the comment section. One X user commented: Another day, another CEX outage. This is why decentralized futures markets like MuesliSwap on Cardano hit different. No single point of failure, no downtime, just market action 24/7. Binance’s native token took a hit amidst the development, plunging from daily highs of $876 to $856 within minutes. The swift restoration Within an hour, Binance announced that it had resolved the issue, and all futures trading was active. The quick action likely cooled fears and concerns about the CEX’s reliability. Still, the event dented community sentiments. Most users questioned how Binance would compensate those who suffered losses due to the service disruption. And may I ask who covers the loss I just made because of your systems server issues???? What sort of chart is this?Absolute disgrace,…
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