Binance Suspends BTC Transactions
Binance, one of the world's largest cryptocurrency exchanges, announced that the leading cryptocurrency Bitcoin transactions are temporarily suspended.
Last Minute: Binance Suspends BTC Transactions. As the decline in the cryptocurrency markets continues, Binance CEO Changpeng Zhao, known as CZ, made a statement on his Twitter account.
Stating that the transactions of the leading cryptocurrency Bitcoin are temporarily suspended, Zhao stated that the funds are safe, but this decision was taken due to a systemic supply.
Noting that the aforementioned trouble only occurs in the Bitcoin network, CZ emphasized that transactions continue on other networks.
“Thank you for your understanding,” Binance CEO Zhao said, adding that the issue is expected to be resolved within half an hour.