Binance Announcement : Statement on Recent Market Volatility and Latest Progress Update on User Protection Measures
The post Binance Announcement : Statement on Recent Market Volatility and Latest Progress Update on User Protection Measures appeared on BitcoinEthereumNews.com.
COINOTAG recommends β’ Exchange signup πΉ Trade with pro tools Fast execution, robust charts, clean risk controls. π Open account β COINOTAG recommends β’ Exchange signup π Smooth orders, clear control Advanced order types and market depth in one view. π Create account β COINOTAG recommends β’ Exchange signup π Clarity in volatile markets Plan entries & exits, manage positions with discipline. π Sign up β COINOTAG recommends β’ Exchange signup β‘ Speed, depth, reliability Execute confidently when timing matters. π Open account β COINOTAG recommends β’ Exchange signup π§ A focused workflow for traders Alerts, watchlists, and a repeatable process. π Get started β COINOTAG recommends β’ Exchange signup β Dataβdriven decisions Focus on processβnot noise. π Sign up β Fellow Binancians,Between 20:50 and 22:00 (UTC) on October 10, 2025, global macroeconomic events triggered extreme market volatility. Both institutional and retail users engaged in concentrated sell-offs, causing the cryptocurrency market to experience a collective sharp decline during this period, resulting in highly volatile conditions.I. Market Review and Platform PerformanceWe are aware of speculation in the market regarding the causes of this event, with some focusing on the role of the Binance platform. Binance has conducted a comprehensive review and can now confirm that during the event, the core futures and spot matching engines and API trading remained operational. According to data, the forced liquidation volume processed by Binance platform accounted for a relatively low proportion to the total trading volume, indicating that this volatility was mainly driven by overall market conditions.At the same time, the review confirmed that following 21:18 (UTC) on October 10, 2025, some platform modules briefly experienced technical glitches, and certain assets had de-pegging issues due to sharp market fluctuations. Binance remains committed to addressing these issues responsibly and transparently, as transparency has always been oneβ¦
Filed under: News - @ October 12, 2025 6:22 pm