Trading Halted : Impact if BTC Fluctuates

virasog

legendary

Activity: 2954

Merit: 1159

Quote from: Charles-Tim on March 24, 2023, 09:16:21 AM

Binance suddenly haults all crypto trading services on spot!

Quote from: virasog on March 24, 2023, 08:54:44 AM

Once again, Trading halted at binance but this time at the SPOT.

Deposit and withdrawal are also suspended.

First Trading was resumed and finally, withdrawals are also resumed. People will just forget today's (and previous incidents) and keep on trading/depositing at binance until one day when the withdrawal will be halted but will never resume.

Believe me, someday this situation will come, so I never trust a centralized exchange no matter how SAFU they claim themselves.

DaveF

legendary

Activity: 3458

Merit: 6231

Crypto Swap Exchange

I keep getting the feeling Binance is being operated with more in their marketing and management budget then in their infrastructure and hardware budget.

Too many instances of things going wrong on a regular bases. Not show stopping implosion things, but now we patch this to make it work and then we patch the next thing and so on. Not actaully stopping to do it properly.

I don't use them on any kind of regular basis, but it seems that they have more things happen to them then other places.
Could also be that more people talk about it since they are the largest.

-Dave

tbct_mt2

hero member

Activity: 2254

Merit: 831

Quote from: virasog on March 24, 2023, 08:54:44 AM

Once again, Trading halted at binance but this time at the SPOT.

With such a big exchange and infrastructure this should not happen in the first place. People can't close their trades neither they can make new spot trades. In case Bitcoin Fluctuates too much, it will have an impact on Binance users as in case of a dump they will be holding the coins in loss, the stop losses might not trigger Huh

Binance took advantage of bad operations of Poloniex and Bittrex when cryptocurrency market was exponentially grew in 2017 bull run and hold the first position until now. I believe they do know that if they can not handle such issues well, they will very easily to lose their customers to other exchanges and seriously might lose their first position too.

I believe Changpeng Zao and Binance team will do their hard works to fix those issues and bring smooth experience back to Binancians.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Binance suddenly haults all crypto trading services on spot!

Quote from: virasog on March 24, 2023, 08:54:44 AM

Once again, Trading halted at binance but this time at the SPOT.

Deposit and withdrawal are also suspended.

virasog

legendary

Activity: 2954

Merit: 1159

Once again, Trading halted at binance but this time at the SPOT.

With such a big exchange and infrastructure this should not happen in the first place. People can't close their trades neither they can make new spot trades. In case Bitcoin Fluctuates too much, it will have an impact on Binance users as in case of a dump they will be holding the coins in loss, the stop losses might not trigger Huh

Topic: Trading Halted : Impact if BTC Fluctuates (Read 46 times)