Binance’s Futures Halt Exposes Crypto Trading’s Fragile Backbone
Binance, the world’s largest cryptocurrency derivatives trading platform, announced on Friday that it had temporarily halted futures trading earlier in the day due to a technical issue affecting its Futures UM trading service, which allows users to settle crypto futures in stablecoins USDC and USDT [1]. The exchange cited unspecified problems that prompted the suspension but assured users that its team was actively working to resolve the issue [2]. At the time of the halt, Binance did not provide further details regarding the nature of the technical disruption.
The suspension lasted only a short period before Binance confirmed that the issue had been resolved and that all futures trading operations were back online [1]. In a statement,…
