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,…