Binance, the world’s leading crypto exchange by trading volume has suspended all crypto withdrawals for the time being. The official announcement from the crypto exchange assured customers to not worry about their funds as they are safe. The crypto exchange claimed that the suspension of crypto withdrawals was to clear the heavy backlog that has piled up over the past few days.
We have temporarily disabled all crypto withdrawals on https://t.co/QILSkzx7ac due to a large backlog.
Rest assured our team is working on it with top priority.
Thank you for your patience and apologies for any inconvenience caused.
— Binance (@binance) November 1, 2021
The crypto exchange recently revealed that the trading volume crossed $1 billion on its platform on a single day, when $BTC touched a new all-time high of nearly $67,000. Thus the heavy backlog is understandable. Being one of the leading spot markets and among the top in the crypto derivatives market, Binance accounts crypto trading volum
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