Leading cryptocurrency exchange Binance experienced an unexpected outage affecting its futures trading platform earlier today. The disruption, lasting from 14:18 to 14:36 UTC+8, prevented users from placing any trades on futures contracts. Binance acknowledged the issue and issued an official update on X (formerly Twitter), confirming the temporary unavailability of futures trading. The exchange’s team reported that only Futures UM, a specific product within their portfolio, was affected, while spot, perpetual, and other trading functions remained operational. Binance highlighted the outage’s impact, stating that it amassed billions in trading volume every day and has over 280 million users. The exchange confirmed that all futures operations were back online by 7:00 AM UTC. This event is an ongoing development with further updates expected.