Binance Resumes Futures Trading Following System Issue

Binance has resumed futures trading after resolving a system issue that affected its Unified Margin (UM) product. Key points include:

The outage prevented traders from closing or managing positions, raising concerns in the derivatives market.
Unified Margin allows users to pool margin assets across different contracts and collateral types.
Binance holds over $40 billion in open interest in crypto futures as of Friday morning.
Previous outages have typically lasted from less than an hour to several hours during high volatility periods.

Binance confirmed that all futures trading is now fully operational.