Binance rescues its “USD-M futures trading”: Technical issue

Yesterday Binance faced a technical issue because of an issue linked with UI and API integration protocol.

Binance is a top-ranked crypto exchange, thanks to transparent & secured crypto trade services. The services of this exchange are available globally via subsidiaries. This exchange provides almost every type of crypto trade service. 

On 10 April 2023, the Binance exchange found that its USD-M futures trading was affected because of UI and API Issues. 

Within a few hours, Binance Exchange’s engineering team fixed the issue.

Binance CEO Changpeng Zhao (CZ) confirmed that the team migrated the service from the affected server. 

Spot trading bug 

Earlier this Binance exchange’s spot trading services were affected in March of this year because of a hidden bug on the trailing stop order.

Later many people started to spread a fake rumour that they were able to trick the Binance exchange during the maintenance time and grabbed huge profits.

Later Binance team confirmed that such rumours were false & misleading but confirmed that Binance officially initiated an investigation against those people, as a part of the usual terms & conditions of the Binance crypto services.

Binance coin (BNB)

BNB is a native coin on the Binance smart chain (BSC) network. BSC crypto project is a fully independent subsidiary of the Binance exchange and Binance provides development support in the BSC environment for blockchain developers.

The price of the BNB coin is $327 & this trade price is 4.5$ high over the last 24 hours trade price. 

Read also: Hacker drains $13M from GDAC crypto exchange