The company attributed this decision to a significant increase in the number of requests from new users.
Binance crypto exchange, one of the largest in terms of volumebidding, announced the temporary suspension of the withdrawal of funds. The company attributed this to a significant increase in the number of requests from new users. The site representative stressed that all funds remain safe.
</p></p>#Binance will be suspending withdrawals temporarily in order to address a large increase in requests from new unique users.
Rest assured funds are #SAFU and we apologize for any inconvenience caused.
Updates to follow.
— Binance (@binance) January 29, 2021
Read this:
Binance started blocking withdrawal of funds to Wasabi bitcoin wallet
OKEx has frozen the withdrawal of funds for its users
Coinhako Exchange reported an attack and suspended the withdrawal of crypto assets
Binance Cryptocurrency Exchange Prepares to Launch Bitcoin Options
OKEx has stopped withdrawing funds
Input and output of rubles through Payeer, QIWI, Yandex Money has become available on Binance