Binance Has Suspended Cryptocurrency Withdrawals
Binance has suspended cryptocurrency withdrawals. The company stated that this is temporary.
Binance, the world's largest crypto exchange by volume, announced that it has temporarily suspended all crypto withdrawals due to transaction intensity.
The statement stated that the team was primarily working on the issue and said, "We thank you for your patience and apologize for the inconvenience."
Binance CEO Changpeng Zhao also stated that they are working on the issue and the funds are safe.
In addition, the same statement came from Binance TR, Binance's Turkey platform. After the decision, the Bitcoin price showed a short-term decline from $ 62 thousand to $ 61 thousand 700.
Update: Withdrawal Started
At around 15.00 CET, Binance reactivated its fund withdrawals.