Binance technical issues inflict losses to traders

Binance experienced lags on webpages that resulted in substantial losses for some traders.
The Binance CEO confirmed that the issues had been caused by high trading volumes.

Tanya Abrosimova Independent Analyst

Extreme lags on Binance webpages have caused losses for several cryptocurrency traders and angered the community. At least five traders reported substantial losses caused by the delays in trade settlement and balance syncing,

The CEO of the exchange Changpeng Zhao confirmed the technical issues in his Twitter account and said that the tech team was working on them. He explained the problem by extraordinary high trading volumes registered on the exchange.

"We are seeing much higher order volumes (number of orders) than Dec 2017/Jan 2018 (the peak). Trade (not order) volume in USD is 1/3 of the peak, but BTC price is 1/3 and ETH price is only 1/5 of the last peak, most other main alt prices are even lower," he tweeted.

It is worth noting, that regular users that make trades manually experienced the delays, while API users, bots and trading software were not affected.

Changpeng Zhao has yet to explain how the exchange will handle the unintended losses incurred by traders, but the amounts pale in comparison with the amounts lost in recent security breach incident.

Binance backlogs coincided with large market movements. Bitcoin and major altcoins came under selling pressure during late US trading hours on Wednesday. The downside momentum has faded away in Asina on Thursday, but the market is still deep in the red.

Author

Tanya Abrosimova

Independent Analyst

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.

Ethereum: Trend Research capitulates, BitMine's Thomas Lee sees a V-shaped recovery

Ethereum had one of its sharpest historic declines over the past 10 days, shedding 40% of its value and briefly sliding below $2,000. The dip also saw ETH move below its realized price, or the average cost basis of investors — an occurrence that has historically accelerated selling pressure as investors cut losses.

Why Bitcoin and top cryptos are falling: Bitwise

The crypto market crash since October isn't down to a single factor but a combination of several, according to Bitwise CIO Matt Hougan. In a note to investors on Friday, Hougan outlined six key factors that potentially contributed to the crash that pushed down nearly every top crypto by more than 50% from prices seen over four months ago.

XRP recovery gains momentum despite retail market decline

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.