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How long does it usually take for cryptocurrency trading to resume after a halt?

avatarMacKinnon KenneyDec 27, 2021 · 3 years ago3 answers

What is the typical duration for cryptocurrency trading to resume after a halt?

How long does it usually take for cryptocurrency trading to resume after a halt?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    The duration for cryptocurrency trading to resume after a halt can vary depending on the specific circumstances. In some cases, it may only take a few minutes for trading to resume, especially if the halt was due to a temporary technical issue or a brief market disruption. However, if the halt was caused by a significant event or regulatory concern, it could take several hours or even days for trading to resume. It is important for traders to stay updated with the latest news and announcements from the exchange to get an idea of when trading is expected to resume.
  • avatarDec 27, 2021 · 3 years ago
    Well, it really depends on the situation. If it's just a minor hiccup in the system, trading can resume within a matter of minutes. However, if there's a major security breach or a regulatory crackdown, it could take much longer. Sometimes, exchanges need to conduct thorough investigations and implement new security measures before they can safely resume trading. So, it's always a good idea to keep an eye on the official announcements and social media channels of the exchange to get the latest updates on when trading is expected to resume.
  • avatarDec 27, 2021 · 3 years ago
    From our experience at BYDFi, the duration for cryptocurrency trading to resume after a halt can vary. It depends on the nature of the halt and the exchange's response to the situation. In some cases, trading can resume within a few hours, while in others, it may take a day or two. It's important for exchanges to prioritize the safety and security of their users' funds, so they may take the necessary time to investigate and resolve any issues before allowing trading to resume. Traders should stay patient and stay informed through official communication channels for updates on when trading will resume.