In a surprising turn of events, Binance, the world's largest cryptocurrency exchange by daily trading volume, has temporarily suspended all online spot trading on its platform.
The suspension came after a bug was discovered in the exchange's matching engine, causing an unfortunate disruption in the digital asset market.
Bitcoin, for instance, dipped $700 before partially recovering from the decline.
Binance acknowledged the problem in a tweet soon after the issues were discovered:
The suspension has left traders and investors in a state of anxiety, questioning the stability of the platform and the safety of their funds.
(by Sam Cooling)
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