Binance U.S. Suspends USD Withdrawals and Deposits as Parent Exchange Acknowledges "Temporary Difficulties"

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Fri, 02/05/2021 - 16:59
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Alex Dovbnya
Binance users are complaining about not being able to access the exchange
Binance U.S. Suspends USD Withdrawals and Deposits as Parent Exchange Acknowledges "Temporary Difficulties"
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Binanc.US has temporarily suspended USD withdrawals and deposits at 5:02 p.m. UTC as well as cryptocurrency purchases on its platform: 

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:   

"Should be back to normal now. Still very high load."

The is a developing story. Stay tuned for updates.     

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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