Thursday, June 20, 2024
HomeCryptocurrenciesBitcoinBinance Pauses Bitcoin Withdrawals

Binance Pauses Bitcoin Withdrawals

The bitcoin withdrawal services offered by Binance were momentarily halted on the morning of Sunday, within the temporal bounds of the United States, owing to the fact that the bitcoin blockchain had become thoroughly saturated with an abundance of pending transactions that were exacerbated by preposterously exorbitant transaction fees. However, Binance swiftly resumed the aforementioned withdrawal services within the timeframe of two hours following the initial disclosure of the pause via its Twitter handle.

According to the data present on the blockchain, there exists a staggering quantity of nearly 400,000 unconfirmed Bitcoin transactions that are currently in limbo, which surpasses the levels witnessed during the surges of bullish activity experienced by the market in the years of 2018 and 2021.

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
+1
0
+1
0

Disclaimer: The information provided on coinvinance.biz is for educational and informational purposes only and should not be construed as financial advice. Coinvinance.biz does not provide any investment advice or recommendations. Any investment decision you make is solely your responsibility. Please conduct your own research and consult with a licensed financial advisor before making any investment decisions. Coinvinance.biz is not responsible for any financial losses that may result from your use of the information provided on this website.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_imgspot_imgspot_imgspot_img

Most Popular

Recent Comments