Binance, the Biggest Crypto Trading Platform, Pauses Bitcoin Withdrawals

Published by
The Street

By Rob Lenihan Binance, the world’s largest cryptocurrency exchange by volume, said Monday that it was temporarily pausing Bitcoin withdrawals. “Binance has temporarily paused #Bitcoin withdrawals on the $BTC network,” the exchange tweeted. “Meanwhile, you can still withdraw BTC on other networks. This is due to a stuck on-chain transaction. Our team is currently working on a solution and will provide further updates soon.” The announcement came asBitcoin prices have retreated sharply, taking the cryptocurrency below the lowest levels since December of 2020, as surging interest rates reduced d…

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