Binanc.US has temporarily suspended USD withdrawals and deposits at 5:02 p.m. UTC as well as cryptocurrency purchases on its platform:
Advertisement
USD withdrawals and deposits as well as ACH/Debit purchases are suspended temporarily for maintenance."
Prior to that, Binance, the largest cryptocurrency exchange in the world by reported trading volume, is currently experiencing "temporary difficulties," according to its most recent Twitter announcement.
UPDATE: Binance CEO Changpeng Zhao informed his followers that the issue was caused by a very high amount of traffic:
Advertisement
"Should be back to normal now. Still very high load."
Shytoshi Kusama Drops Bombshell As SHIB Needs PresidentRipple Criticizes Draft Crypto Market Structure Bill: DetailsBrandt Calls Bitcoiners 'Bunch of Idiots,' Saylor Weighs InShiba Inu (SHIB): This Was Brutal, Ethereum (ETH) Fails at $3,700: But There's a Catch, Dogecoin (DOGE) Says Goodbye to $0.20
The is a developing story. Stay tuned for updates.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team