Binance is one of the largest cryptocurrency exchanges out there. However, network congestion and other issues definitely affect even the largest players in the industry.
The largest cryptocurrency exchange recently announced that it has halted Bitcoin (BTC) withdrawals.
Binance halts Bitcoin (BTC) withdrawal
According to the details of a recent announcement, the exchange has halted Bitcoin (BTC) withdrawals. The exchange cited BTC network issues, stating that they are experiencing congestion.
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CZ’s exchange also mentioned that the team is currently working on a fix until the network is stabilized. They also reassured the community that the funds are SAFU and that the withdrawals will be reopened as soon as possible.