{"id":9778,"date":"2023-03-24T11:49:51","date_gmt":"2023-03-24T11:49:51","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/03\/24\/crypto-giant-binance-temporarily-suspends-withdrawals-and-spot-trading\/"},"modified":"2023-03-24T11:49:51","modified_gmt":"2023-03-24T11:49:51","slug":"crypto-giant-binance-temporarily-suspends-withdrawals-and-spot-trading","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/03\/24\/crypto-giant-binance-temporarily-suspends-withdrawals-and-spot-trading\/","title":{"rendered":"Crypto giant Binance temporarily suspends withdrawals and spot trading"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<div class=\"article__featured-image-wrapper breakout\">\n\t\t\t\n\t\t<\/div>\n<\/p><\/div>\n<div>\n<p id=\"speakable-summary\">Binance has temporarily suspended all spot trading, deposits and withdrawals on the world\u2019s largest crypto exchange citing an \u201cissue\u201d that it\u2019s working to resolve.<\/p>\n<p>\u201cInitial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one),\u201d Binance founder and chief executive Changpeng Zhao said in a tweet, adding that the firm expects the recovery in within two hours. <\/p>\n<p>Binance commands over 60% of all crypto spot volume. It has also increased its market share of Bitcoin spot volume to over 90% in recent quarters, thanks to zero commission, according to\u00a0according to Arcane Research.<\/p>\n<p>Bitcoin fell 1% to $27,649 and Ethereum fell 2% to $1,751 on the news before recovering slightly.<\/p>\n<div class=\"embed breakout embed-oembed embed--twitter\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SHARES OF CRYPTO STOCKS DOWN PREMARKET AFTER BINANCE SAYS ALL SPOT TRADING CURRENTLY TEMPORARILY SUSPENDED<\/p>\n<p>\u2014 *Walter Bloomberg (@DeItaone) <a href=\"https:\/\/twitter.com\/DeItaone\/status\/1639239371978158080?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 24, 2023<\/a><\/p>\n<\/blockquote>\n<\/div><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2023\/03\/24\/crypto-giant-binance-temporarily-suspends-spot-trading\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has temporarily suspended all spot trading, deposits and withdrawals on the world\u2019s largest crypto exchange citing an \u201cissue\u201d that it\u2019s working to resolve. \u201cInitial analysis indicates matching engine encountered a bug on a trailing stop order (a weird one),\u201d Binance founder and chief executive Changpeng Zhao said in a tweet, adding that the firm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-9778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=9778"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/9778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/9779"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=9778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=9778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=9778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}