Crypto exchange Binance has suspended the withdrawal of Ethereum and tokens based on the cryptocurrency blockchain. The company explained this by overload and emphasized that users’ funds remain safe, writes RBC Crypto.
#Binance has temporarily suspended withdrawals of $ ETH and Ethereum-based tokens in order to address a congestion issue.
Rest assured funds are #SAFU and we apologize for any inconvenience caused.
Updates to follow.
– Binance (@binance) February 19, 2021
At the end of January, the marketplace already faced a similar problem. Then the cryptocurrency exchange suspended withdrawals amid a significant increase in requests from new users. The withdrawal function was soon restored.

Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.