The world’s largest cryptocurrency exchange, Binance, made an important announcement concerning active trading users. Sharing on its Twitter account minutes ago, Binance announced that it has stopped direct market orders in the spot and margin markets due to a technical glitch.
https://twitter.com/binance/status/1681607207840890881
Binance
“Due to technical issues identified after a previous update, we have temporarily paused some market order functionality for all spot and margin trading pairs. You can place a market order over Market Order-Amount. Our team is currently working to resolve the issue and we’ll let you know when we fix it.”
Noticing the problem after the previous update, the developers emphasized that the team is working for a solution. The giant stock market also relieved the worries of the customers with the information it provided.
Investors who want to trade cryptocurrencies will have the opportunity to continue their transactions with the Limit Order or Market Order-Amount option, where they set the price instead of the Market Order.
After the news, there has been no negative situation in Bitcoin and altcoin trading for now. Bitcoin is currently trading close to $30,000.
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