Binance has just announced that it has faced technical difficulties with ETH and XLM withdrawals due to a large increase in volume that has triggered issues with users taking their crypto from the exchange.
The team has assured users that the team is working on the issue.
These increases in ETH and XLM volume today are down to these altcoins surging in price; Ethereum has reached a new all-time high above the $4,100 level, as U.Today covered earlier.
As for the 13th currency, Stellar Lumens (XLM), it has surged to the highest level last seen back in early January 2018: $0.74, according to data shared by CoinMarketCap.
XLM reached an ATH of $0.90 back on January 4, 2018.
One of the possible factors that has provoked this XLM rise is the recent announcement of Stellar partnering with the Visa giant, as well as Circle and fintech Tala (a company based in California) in order to increase crypto adoption in emerging markets.
Godfrey Benjamin
Tomiwabold Olajide