Cryptocurrency Exchange, Binance on Friday suspended withdrawals and spot tradings.
The firm, in a blog post on Friday afternoon sir that it was carrying out “temporary system maintenance and will resume all trading activity at 2023-03-24 14:00 (UTC),”
“Starting from now, users will be able to cancel orders, process deposits, trade on P2P, and perform lending, redemptions, asset transfers, and all other account-related functions.
“Withdrawals will be resumed shortly after spot trading starts.
It however said that it was suspending trailing stop orders indefinitely, adding that “the existing trailing orders have expired automatically.
“It is recommended that futures and margin trading users with open positions re-assess their collateral balances prior to the start of spot trading to mitigate against price fluctuations that may occur, ” the firm said.