Aftermath of Trump's '100% tariffs on China'…Trading delays on Binance and Coinbase
Suehyeon Lee
Summary
- Immediately after President Trump's announcement of 100% additional tariffs on China, trading delays occurred at global exchanges.
- Binance said it entered emergency mode due to a surge in trading volume, and stated that all funds are safe.
- Coinbase also announced transaction processing delays and performance degradation, but customer assets are safe.
Immediately after U.S. President Donald Trump's announcement of a 100% additional tariff against China, trading delays occurred at major exchanges.
On the 11th (local time), according to TheStreet, the sharp drop caused system load at global exchanges Binance and Coinbase, and Binance immediately entered 'emergency mode'.
On that day Binance said via X "The system is overloaded due to a surge in trading volume, but all funds are safe (SAFU)" and that it is responding in real time.
The largest U.S. exchange Coinbase also announced "Some transaction processing delays (latency) and performance degradation are occurring. The cause is under investigation, and customer assets are safe."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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