Crypto Spot Volumes on Centralized Exchanges Hit Lowest Since March 2019

LiteFinance Suspends Trading in 14 Crypto Pairs as Binance Halts Spot Trading

by Solomon Oladipupo
  • Some of the pairs include STR, GNT, DAT, SUN and MSK.
  • Binance halted deposits and withdrawals on its platform on Friday.
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LiteFinance, a retail forex and CFD broker, has suspended trading in 14 cryptocurrency pairs. The firm announced on Friday in a now-deleted blog post that its liquidity providers are not delivering quotes for the pairs “at the moment.”

The affected tokens, which are all paired with the US dollars, include the Stellar (STR), Golem Network Token (GNT), DAT, SUN, Mask Token (MSK), Status Network Token (SNT) and RefToken (REF) tokens. The others are the WAVES, DigiByte (DGB), AnonToken (ANT), NULS, CoinAlpha (ALP), Alien Worlds Price (TLM ) and Chiliz (CHZ) tokens.

As a result of the suspension, traders can only close their trades on these crypto pairs, LiteFinance noted, adding that it hopes to resolve the issue that triggered the suspension “in the nearest time.”

Binance Suspends Spot Trading

LiteFinance’s announcement comes a few hours after Binance “temporarily suspended” spot trading on its platform.

Changpenz Zhao, Binance’s CEO, in a tweet noted that the cryptocurrency exchange’s “initial analysis indicates matching engine encountered a bug on a trailing stop order.” The CEO added that deposits and withdrawals on its platform were paused as a standard operating procedure.

However, Zhao wrote in a subsequent tweet that “Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up.”

Binance Resumes Trading

In the latest update, Binance said it would resume all trading activities on its platform at 2 pm UTC as its “temporary system maintenance” has been completed.

“You can now cancel orders, process deposits, trade on P2P, and more. Withdrawals will be resumed shortly after spot trading starts,” Binance tweeted.

The halt on deposits and withdrawals comes over a week after the top cryptocurrency exchange announced its intention to stop sterling deposits and withdrawals on its platform in May. A month earlier, the digital asset company halted dollar transfers on its platform.

LiteFinance, a retail forex and CFD broker, has suspended trading in 14 cryptocurrency pairs. The firm announced on Friday in a now-deleted blog post that its liquidity providers are not delivering quotes for the pairs “at the moment.”

The affected tokens, which are all paired with the US dollars, include the Stellar (STR), Golem Network Token (GNT), DAT, SUN, Mask Token (MSK), Status Network Token (SNT) and RefToken (REF) tokens. The others are the WAVES, DigiByte (DGB), AnonToken (ANT), NULS, CoinAlpha (ALP), Alien Worlds Price (TLM ) and Chiliz (CHZ) tokens.

As a result of the suspension, traders can only close their trades on these crypto pairs, LiteFinance noted, adding that it hopes to resolve the issue that triggered the suspension “in the nearest time.”

Binance Suspends Spot Trading

LiteFinance’s announcement comes a few hours after Binance “temporarily suspended” spot trading on its platform.

Changpenz Zhao, Binance’s CEO, in a tweet noted that the cryptocurrency exchange’s “initial analysis indicates matching engine encountered a bug on a trailing stop order.” The CEO added that deposits and withdrawals on its platform were paused as a standard operating procedure.

However, Zhao wrote in a subsequent tweet that “Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up.”

Binance Resumes Trading

In the latest update, Binance said it would resume all trading activities on its platform at 2 pm UTC as its “temporary system maintenance” has been completed.

“You can now cancel orders, process deposits, trade on P2P, and more. Withdrawals will be resumed shortly after spot trading starts,” Binance tweeted.

The halt on deposits and withdrawals comes over a week after the top cryptocurrency exchange announced its intention to stop sterling deposits and withdrawals on its platform in May. A month earlier, the digital asset company halted dollar transfers on its platform.

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