Binance Temporarily Suspended Withdrawals Yesterday

Binance temporarily suspended withdrawals. The company made a statement on the subject.

Binance, one of the world's leading cryptocurrency exchanges, temporarily suspended withdrawals yesterday. While the statement made by the company stated that the matter was being worked on, the following statement was made: "All withdrawals have been temporarily suspended on #Binance. You can be sure our team is working on it. We apologize for the inconvenience and thank you for your patience. If you submit a withdrawal request, it will be added to a queue, but will not be processed until this issue is resolved."

Operations Resumed

After the withdrawal process on Binance was temporarily suspended, the company reportedly resumed transactions in a statement made by the company.

What is Binance?

Binance is a cryptocurrency exchange that acts as a broker for trading many cryptocurrencies. As of January 2018, Binance has become the world's largest cryptocurrency exchange in terms of transaction volume. Binance was founded by Changpeng Zhao, a developer who previously developed high frequency trading software.