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Experts say the withdrawal surge is just "business as usual." Binance, the biggest cryptocurrency exchange in the world, saw as much as a $3 billion withdrawal on Tuesday, per the blockchain analytics company Nansen, as consumers panicked about a wave of bad news stories about the cryptocurrency business.
CoinDCX halts cryptocurrency withdrawals: The crypto asset class, considered to be highly risky, has emerged as an option for investors who are exploring new investment opportunities that can provide good returns in a short span of time.
Leading crypto lender Celsius Network has announced to pause all withdrawals, swap and transfers between accounts due to "extreme market conditions".