After suspending Bitcoin withdrawals multiple times in the past 24 hours, the world’s largest crypto exchange announced plans to create a lasting solution.
The firm now plans to include the Bitcoin lightning network for BTC transactions. The only downside is that the alternative comes with a higher fee. But the exchange revealed plans to cushion it.
Binance Plans To Enable BTC Lightning Network Withdrawals
According to a recent report, the exchange is working toward enabling Bitcoin lightning network withdrawals. This move will help clear all backlogs on BTC transactions over the past few days.
Notably, Binance suspended Bitcoin transactions twice within the past 24 hours. On May 7, the exchange halted BTC transactions, stating that network congestion was the reason for its action. It later reported the resumption of the transactions.
Later the firm announced the temporary suspension of Bitcoin transactions again today, May 8. According to its statement, there’s a high backlog of p
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