Binance restarts Ethereum withdrawal after temporarily halting it

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Crypto’s exchange Binance resumed Ether’s withdrawals on its platform after the leading exchange briefly halted the withdrawal of Ether and Ethereum-based tokens in order to “address the issue of congestion.”

At the time, the exchange, which had produced more than 33 billion volumes in the last 24 hours, said on Twitter that

 

Earlier today, Ether spiked to a new all-time high of $1,952.14, closing at $1,930.99 at press time. The world’s largest altcoin has risen by 0.4 percent and 1 percent in hourly and daily time frames, respectively.

Lately, many users have complained about the high costs of the asset and the failure of Ethereum to fix rising gas charges and network congestion.

Recently, Binance’s native token, BNB has become the world’s third-largest digital currency with more than $44 billion in trading volume, according to data from Coinmarketcap.

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At the time of the press, BNB was trading at $286.22 with a 6.6 per cent rise in price in the last hour. With a 24-hour trading volume of more than $15 billion, BNB has seen a 49.3 per cent rise over the regular timeframe. Coincidentally, BNB passed a current all-time high of $273.93 about an hour ago, which was about the same time that the exchange suspended ETH withdrawals.

 

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