Binance Temporarily Suspends Spot Trading: What You Need to Know

In a surprising turn of events, Binance, the world’s largest cryptocurrency exchange by daily trading volume, has temporarily suspended all online spot trading. Users worldwide have reported issues accessing and executing spot trades on the platform.

Why Did Binance Suspend Spot Trading?

Binance is experiencing an issue impacting spot trading, which has been temporarily suspended while the team works to resolve it. On March 24, Binance suspended all spot trading transactions, according to an announcement by Binance’s official Twitter account. Initial analysis indicates a bug on the matching engine encountered difficulties, causing the disruption. At 18.27 WIB, spot trading on Binance was temporarily disabled. This is the first time the system has gone down since December 2025, suggesting the rarity of such events.

Binance USDT and EEA Regulations

It's important to note that Binance has temporarily suspended spot trading of Tether (USDT) and other stablecoins in the European Economic Area (EEA) to comply with the Markets in Crypto Assets (MiCA) regulations. This suspension might be distinct from the overall spot trading issue, but relevant for users within the EEA.

Binance Resumes Trading After Technical Issues

Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet. Keep an eye on Binance's official channels for updates on the complete restoration of all spot trading functionalities.

What Should Binance Users Do?

While Binance works to resolve the issue, users are advised to monitor Binance's official announcements for updates. Avoid making any hasty decisions based on speculation. Once the issue is resolved, Binance will likely make an official statement. Continue to monitor your holdings and any open orders, but refrain from attempting to execute new spot trades until trading resumes.