The largest cryptocurrency exchange, Binance, has reported difficulties with withdrawals from its platform.
We’re aware of crypto withdrawal issues some users are experiencing due to a technical error.
Our tech team is working to restore withdrawals to usual operations, and we’ll update you when they are fully restored.
Rest assured, funds are SAFU.
— Binance (@binance) March 5, 2024
“We are aware of the issues with crypto withdrawals that some users are facing due to a technical error. Our team is working to return to normal operations. We will inform you when it is fully restored. Rest assured, funds are SAFU,” Binance reported.
The company announced that the platform has returned to normal operations.
Withdrawals are now back to operating as usual.
Withdrawals currently pending may be rejected over the next 30 minutes as a result. In this case, please resubmit the withdrawal request.
Thanks for your patience and understanding. https://t.co/APxP8v6Gr2
— Binance (@binance) March 5, 2024
The company emphasized that fiat currency withdrawals are operating without issues.
Fiat withdrawals are operating as usual for all users.
— Binance (@binance) March 5, 2024
Earlier, the American exchange Coinbase resolved another glitch on its platform amid a rapid rise in Bitcoin’s price.