Binance resumes bitcoin withdrawals after second pause
Binance resumed bitcoin withdrawals on Monday after halting it for the second time in a day, citing large volumes.
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Binance resumed bitcoin withdrawals on Monday after halting it for the second time in a day, citing large volumes.
The company said that such firms will have the option instead to post collateral with Binance Custody, which will hold the assets in so-called cold storage, or wallets that are unconnected to the internet
"Things seem to have stabilised," CEO Changpeng Zhao wrote in a tweet. "Yesterday was not the highest withdrawals we processed, not even top 5."
Binance said it will remove and cease any trading on spot pairs that include USDC, USDP and TUSD; it will start the conversion on Sept. 29.
Over the years, cryptocurrencies have gained enormous popularity, making people adopt them as a tool for financial transactions. In fact, cryptocurrencies have delivered several benefits, such as minimal transaction fees, instant accessibility and high levels of transparency. With all the benefits cryptocurrency has over traditional currency and even other asset…