Markets, Binance, Top Stories, crypto futures, News The outage prevented traders from managing positions, impacting the derivatives market significantly.
Binance, the world’s largest crypto exchange by volume, restarted futures trading after a brief outage caused by a “system issue” affecting its Unified Margin (UM) product.
“The issue affecting Futures UM trading on Binance has been resolved. All futures trading is now fully operational,” Binance said in a post on X.
The outage left traders unable to close or manage positions, raising concerns across the derivatives market where Binance commands a large share of global volume.
UM, launched in 2022, allows users to pool margin assets across contracts and collateral types — meaning a shutdown has broader implications than a standard product outage.
Binance has over $40 billion in open interest across crypto futures positions as of Friday morning. Past disruptions on the exchange, often tied to technical bottlenecks during periods of high volatility, have typically lasted from under an hour to several hours.
UPDATE (Aug. 29, 07:10 UTC): Updates headline and story with Binance resuming futures trading.
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