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Binance temporarily suspended all futures trading due to a technical glitch, sparking mixed reactions from users. The outage lasted less than an hour but revived comparisons to the FTX collapse. This marks the latest in a series of recent service disruptions at the world’s largest crypto exchange.
- Futures UM trading involves contracts where traders use stablecoins as margin with profits paid in tokens like USDT
- The exchange recently conducted wallet maintenance affecting USDC withdrawals on Ethereum, Polygon, Arbitrum, Base, and Optimism networks
- System upgrades typically cause disruptions lasting from minutes to hours while enhancing security and ecosystem health
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