Binance, the world's largest cryptocurrency exchange by trading volume, experienced a sudden outage on its Futures platform on August 29, 2025, temporarily suspending all Unified Margin (UM) trading. The disruption occurred between 14:18 and 14:36 UTC+8, preventing traders worldwide from placing orders and triggering widespread complaints on social media.
Binance quickly acknowledged the issue, stating: "We’re aware of an issue affecting Futures UM trading on Binance. All futures trading is temporarily unavailable. Our team is working to resolve this as soon as possible." Traders reported errors such as "Service load is too heavy. Please try again later," while some, like renowned trader VikingXBT, speculated the outage might be intentional to disable selling during market volatility.
This incident echoes a similar technical hiccup in October 2024, where Binance Futures faced order book and Kline update failures. The exchange resolved the latest outage within hours, confirming full operational resumption later that day. However, the downtime frustrated traders reliant on fast execution in volatile markets and risks undermining confidence in Binance, which holds over $14.3 billion in Bitcoin futures open interest and dominates global derivatives volume.