Binance, the world's largest cryptocurrency exchange, announced on Sunday that it has resumed withdrawals of the Bitcoin cryptocurrency after it had suspended withdrawals for a short period due to demand for these operations.
Binance temporarily suspended withdrawals of Bitcoin - the world's most popular cryptocurrency - for more than an hour.
Binance did not provide any further details on this matter.
In March, Binance suspended deposits and withdrawals on its platform due to technical issues affecting spot trading.
Founded in Shanghai in 2017, Binance was forced to leave China after just a few months due to a major regulatory crackdown on the cryptocurrency sector. Binance has $42.2 billion in cryptocurrency assets.
Cryptocurrency markets have witnessed a boom in the recent period due to the turmoil and crises in banks. At a time when panic struck the banking sector, it required quick decisions to preserve the funds, hence depositors resorted to fleeing with their money from the collapse of banks, and cryptocurrencies became a haven for their money, and crypto was able to recover Recovery after suffering throughout 2022.
