Changpeng Zhao, CEO of Binance has provided live updates on the disruption in trading in the country. The outage was caused by a software error in the spot-matching engine that processes user trade orders. The outcry for the world’s largest exchange by volume was very astonishing. Due to a software bug, Binance suspends spot trading Binance suspended all spot trading after experiencing a rare outage due to a software glitch. Banning immediate deposits and withdrawals is part of normal business operations and assures investors that their funds are secure. Binance, the world’s biggest crypto exchange, controls over 60% of all
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