Binance Futures experienced a brief outage impacting USDⓈ-M trading contracts on August 29, 2025, between 14:18 and 14:36 UTC+8. The suspension led to a halt in trading for about $90 billion worth of open futures positions, with Bitcoin and Ethereum futures directly affected. Binance swiftly restored its platform, offering reassurance to users who were impacted. This outage came at a significant time as various contracts were expiring. Binance CEO Richard Teng confirmed the issue on their official channels and assured users that operations have resumed. The incident drew attention to the critical need for operational stability in the cryptocurrency market. Its potential implications are still unfolding, with some questioning the long-term effect on trust within the crypto community. The situation highlights the evolving landscape of decentralized exchange activity, where Binance’s outage coincides with increased trading volume on alternative platforms.