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Cryptocurrency Exchange Binance Suspends XRP Withdrawals

Cryptocurrency Exchange Binance Suspends XRP Withdrawals

HappyCoinNewsHappyCoinNews2024/11/17 19:55
By:HappyCoinNews

Cryptus Exchange Binance suspended withdrawal XRP ( XRP ) during the pump of the price of the digital asset issued by the company Ripple .

On November 16, customers who tried to send XRP , got message that this service is temporarily unavailable. The coin transfer function has been disabled due to technical problems, the withdrawal option XRP became available again after the issues were resolved.

Cryptocurrency Exchange Binance Suspends XRP Withdrawals image 0

Withdrawal service suspension message XRP

Crypto community members explain withdrawal suspension XRP sudden growth of the rate of this asset. The price of the cryptocurrency began to be pumped on November 15 at 11:00 Moscow time, and on Saturday at 18:00 its cost reached the highest value since November 2021 at $1,26.

Trading volume increased significantly during the bull rally XRP , which could have caused problems or activated the security system, which disabled the coin sending function, suspecting something was wrong.

Cryptocurrency Exchange Binance Suspends XRP Withdrawals image 1

Change in exchange rate and trading volume XRP on Binance

Judging by the time the user's message was published Binance and the response from the exchange's technical support representative, it can be assumed that the trading platform's clients were unable to withdraw XRP within one to two hours. However, despite the quick solution to the problem, Binance A wave of criticism has hit, and some digital asset owners have once again reminded everyone of the superiority of cold hardware crypto wallets compared to hot custodial crypto storage facilities that can be switched off at any time.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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