TL;DR
- Binance has halted Solana withdrawals (SOL), and plans to resume service within the next week.
- Binance’s platform has been adjusting to accommodate Binance’s wider platform, and Solana price has remained unchanged despite the stoppage.
The largest cryptocurrency Exchange temporarily suspended Solana (SOL), withdrawals due “the increased volume of transactions on the network.”
“Binance has identified some areas for optimization and is working to provide a stable and long-term solution,” The company said.
The company apologized for any inconvenience and added that the service had been unavailable since the 4th of March. The service is expected to return to users on the 9th of March.
SOL is still trading at a level that was observed yesterday (March 5) and hasn’t seen any major price changes in the past few hours.
Binance has not made an announcement since the start of the week. As CryptoPotato reportedIt is Add to Cart Binance Loans has added new assets to its lending portfolio, including Filecoin (FIL), NEAR Protocol NEAR (XLM), EOS EOS (INJ), Alien Worlds TLM (TLM), Stellar (XLM), EOS EOS (INJ), Stellar (XLM) and Stellar (XLM).
On March 15, the exchange plans to eliminate 16 margin trading pairs such as ALICE/BTC and BAL/BTC. Other pairs include SXP/BNB BOND/BTC CHESS/BTC HARD/BTC.
Binance Exclusive: $100 Off Use this link Binance Futures offers $100 in free money and 10% off the first month’s fees for new Binance Futures users. (terms).
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: cryptopotato.com
