Business

Binance resumes Bitcoin withdrawals after temporary closure

Reuters

May 8, 2023 12:20 pm

Smartphone with displayed Binance logo is placed on keyboard in this illustration taken, November 8, 2022. [Source: Reuters Business]

Crypto exchange Binance said that it has resumed Bitcoin withdrawals after a brief closure due to a congestion issue.

Binance had paused withdrawal of Bitcoin, the world’s largest cryptocurrency, for more than an hour.

Binance did not provide any further details on the issue.

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The world’s largest crypto exchange on March suspended deposits and withdrawals on its platform due to technical issues that affected spot trading.

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