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Binance pauses spot trading for ‘routine’ operating update, CEO says

March 24, 2023

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Binance, the world’s largest cryptocurrency exchange, paused spot trading on Friday due to what its chief executive Changpeng Zhao called a minor glitch.

“Initial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one)” Zhao tweeted, adding that he expected the issue to be resolved within two hours. “Waiting for more precise ETA. Deposits & withdrawals are paused as a SOP (standard operating procedure).”

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