Binance futures $10B market went offline last night before 25 minute recovery

Binance restored futures trading on Aug. 29 following a suspension tied to an issue in its USD-margined contracts.

Per Reuters, the exchange first said all futures trading was “temporarily unavailable,” then about 24 minutes later said the problem affecting Futures UM, the stack that settles contracts in USDT or USDC, had been resolved and that all futures trading was fully operational.

In the follow-up note, Binance wrote, “The issue affecting Futures UM trading on Binance has been resolved,” adding that “all futures trading is now fully operational,” as reported by Reuters. The company did not disclose the root cause or provide additional technical details.

The sequence matters for derivatives participants who route hedges through USD-margined instruments. UM contracts use stablecoins for margin and settlement, while coin-margined contracts rely on the underlying asset, a design split that can confine faults to one margining domain when they arise.

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