No One Knows Why Binance.US Is Down Right Now

Published on by Cointele | Published on

Binance's U.S. trading platform is currently experiencing unexpected platform malfunctions.

US, the United States branch of major crypto exchange Binance, began suffering unforeseen platform issues on Aug. 7 around 15:26 UTC time, resulting in the company temporarily shutting off exchange features.

"Please rest assured that all customer funds are safe, and we will provide a further update soon," a Binance.

"At 11:26am EST, we noticed our systems not functioning as intended," Binance.

"To protect our users, we will be stopping trading, order processing, buy crypto, deposits, and withdrawals. We will let users cancel their orders 30min before we reopen trading. We expect this will take 6 hours."

The platform followed up with a subsequent tweet, confirming all funds as insured, protected by the company's Secure Asset Fund, also known as "SAFU.".

UPDATE AUG. 7, 17:37 UTC: This article has been updated with information Cointelegraph received from Binance US after initial publication.

Recent News View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.
x