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Binance Suspends All Withdrawals for Customers

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Mon, 10/05/2021 - 11:25
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Binance Suspends All Withdrawals for Customers
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Leading crypto exchange Binance has announced in a tweet the suspension of withdrawals for all assets.

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Earlier today, it announced the temporary closing of withdrawals for ETH and XLM due to large volumes reached by these currencies.

Prior to that, ETH had surged above the $4,100 level, reaching a new all-time high, and Stellar Lumens hit $0.74—the level last seen back in early 2018.

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The Binance team has assured users that it is working hard to resolve the issues and resume withdrawals. Meanwhile, the thread below the tweet is full of enraged comments regarding the situation. Users are complaining that these holdups are causing them big financial losses.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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