The exchange’s futures UM Rest service/API, according to Binance CEO, suffered problems that affected the user interface (UI) and API.
In the early hours of April 10, users of Binance’s futures trading platform encountered difficulty. The issues appeared to have been resolved, and trading resumed at the time of writing.
The exchange’s futures UM Rest service/API, according to CEO Changpeng ‘CZ’ Zhao, had problems that affected the user interface (UI) and API. He clarified that only contracts with a USD margin were affected. As the exchange was moved off certain impacted servers, CZ subsequently disclosed that services had resumed.
“Some server issues before. Our team migrated off the affected servers.”
The official Twitter account for the discussion supported CZ’s assertion. As of the time of publication, all of Binance’s systems were performing at peak efficiency.
Binance Difficulties
Recent developments in the sector have put pressure on the CZ-led exchange. Binance was the subject of an enforcement action brought by the Commodities Futures Trading Commission (CFTC) on March 27.
The exchange declared the charges “unexpected” at the time and pledged to work with the regulator. On March 30, the exchange cited node difficulties as the reason for temporarily suspending deposits and withdrawals from its Binance Smart Chain (BSC) network.
While everything was going on, reports spread that on April 3, Interpol had issued a red warning for CZ. According to CZ, a competitor exchange most likely financed and seeded this FUD.
