Coinance, the world's largest cryptocurrency exchange, has malfunctioned and its spot order book data has not been updated for a long time. Coin An stated on its social media platform that there is an issue affecting Binance's spot trading. In the process of striving to resolve this issue as soon as possible, all spot trading is temporarily suspended. However, Zhao Changpeng, CEO of Coin An, later stated that preliminary analysis showed that the Binance matching engine malfunctioned while tracking stop loss orders, and it is expected to recover in 30 to 120 minutes. As of press release, Bitcoin fell 4% to reach $27300 at one point, Ethereum fell 5% to reach $1720 at one point, and both Dog Coin and Ripple Coin fell more than 5%. The platform currency (BNB) issued by Coin An has fallen by over 3% on other platforms.Coinance, the world's largest cryptocurrency exchange, has malfunctioned and its spot order book data has not been updated for a long time. Coin An stated on its social media platform that there is an issue affecting Binance's spot trading
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