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Binance temporarily suspends cryptocurrency withdrawals

Cryptocurrency alternate Binance has introduced that it’s quickly postponing all cryptocurrency withdrawals as a result of the transaction load. ”

we have briefly disabled all crypto withdrawals on as a result of a large backlog.

Relax assured our team is working on it with most sensible precedence.

thanks in your persistence and apologies for any inconvenience led to.

— Binance (@binance) November 1, 2021

Binance CEO Changpeng Zhao additionally said that they’re engaged on the problem and the finances are safe.

In The Meantime, the similar commentary came from Binance TR, Binance’s Turkey platform.

The Verdict then, the Bitcoin value experienced a short-time period decline from $ SIXTY TWO thousand to $ SIXTY ONE thousand SEVEN HUNDRED.

Binance is the world’s largest cryptocurrency trade via buying and selling volume. Latest knowledge presentations that round $120 billion in trading was performed on the platform in 24 hours.

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