Binance Resumes Crypto Withdrawals After Temporary Suspension
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Oct. 26, 2023

Cryptocurrency exchange Binance yesterday suspended cryptocurrency withdrawals temporarily due to technical problems.

However, around noon, the platform announced the restoration of the service.

Representatives of the exchange said:

"All funds are SAFU. We apologize for the inconvenience and will update on progress."

Binance's share in the total spot trading volume in September fell to 34.3%. The indicator has declined for the seventh consecutive month. In August it stood at 38.5%, while in January it stood at 55.2%.

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The CFTC filed a civil lawsuit against the platform in March. In June, the SEC filed lawsuits against Binance and its CEO, Changpeng Zhao.

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Binance announced earlier this week it has made a decision to stop issuing and supporting its Visa debit card in the European Economic Area (EEA). According to the platform, owners of physical or virtual Binance Visas will be able to use them until December 20.

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