Just In: Binance Temporarily Suspends Bitcoin (BTC) Withdrawals
Typically, periods of network congestion can cause a lot of discomfort for traders as deposits and withdrawal requests typically take a considerable amount of time before it goes through. The suspension of withdrawals by Binance is considered an avenue to save its users from this stress, until the congestion is cleared. advertisement As revealed, Binance said one of its dedicated team is “currently working on a fix until the network is stabilized and will reopen $BTC withdrawals as soon as possible. The fact that Binance has made a name for itself as the biggest exchange with the deepest liquidity as confirmed by its proof of reserve asset has helped maintain calm in the community. Binance has maintained its lead in the industry despite the record listing of PEPE and Floki Inu memecoins over the weekend. With the sustained congestion, however, questions about the health of the Bitcoin protocol have risen up in the industry. Trend...