Binance Resumes Crypto Withdrawals After Technical Issue: Everything You Need to Know
The world’s largest cryptocurrency exchange, Binance, temporarily suspended cryptocurrency withdrawals on Friday due to a “technical problem.” The On a bustling day in the active cryptocurrency market, Binance, one of the leading crypto exchanges, temporarily halted cryptocurrency withdrawals due to a technical glitch.
What Happened?
The world’s largest crypto exchange Binance was hit by a technical bug earlier today. The bug, which reportedly affected a trailing stop order, forced the crypto exchange to pause withdrawals as a precaution. Withdrawals on cryptocurrency exchange Binance were temporarily unavailable due to a technical issue, according to a post on the exchange's X account.
Binance Responds and Fixes the Issue
Binance has successfully gone through a technical glitch that interrupted its crypto withdrawal services for a short period. LONDON - Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet.
Withdrawals Now Resumed
In a statement released on Friday, Binance said that the issue had been identified and fixed, and that withdrawals had been resumed. Binance has announced that all crypto withdrawals on their platform are now back to their regular function after earlier reported issues due to a technical glitch. The firm Binance services are gradually recovering after a temporary network interruption, with withdrawals now reopened. The team is monitoring operations to ensure stability.
Key Takeaways:
- Binance experienced a technical issue that temporarily halted crypto withdrawals.
- The issue has been identified and resolved.
- Withdrawals are now resumed and functioning as normal.
- Binance is monitoring operations to ensure stability.
If you experienced any issues during the brief interruption, please refer to Binance's official channels for support and updates.