Binance Halts Trading to Resolve Technical Problem

Major cryptocurrency exchange Binance halted trading on its platform to resolve an unexpected technical issue with its infrastructure.

An announcement published by Binance on Feb. 19 notes that, due to unscheduled system maintenance, the exchange suspended most of its activities.

In a statement shared with Cointelegraph, Binance reassured its users that partner exchanges such as Binance.

US were unaffected and that trading activity will resume shortly.

In his latest update as of press time, he said that the issues are nearly resolved and that users will have 30 minutes to cancel their orders before normal trading resumes.

Just the latest problem experience by Binance usersThis is just the latest issue experienced by Binance users this month.

On Feb. 17, Binance released a separate report on performance problems.

Per the report, Binance's trading platform was unable to manage all users and keep market data, orders and balances up to date.

The fear of unscheduled exchange maintenanceSome Twitter users expressed concern and fear that Binance may have fallen victim to a hack, but there is no evidence suggesting that this is the case.

The performance issues recently reported by the exchange and its users add further credibility to the cause being a simple technical problem.