Binance Halts Withdrawals Amidst Concerns

After recent market volatility, the world\“s largest cryptocurrency exchange, Binance, has temporarily halted withdrawals. According to local sources, the move was to prevent losses that might arise from sudden withdrawals during this period. This action follows a similar move by a leading Indian cryptocurrency wallet, which recently restricted large withdrawals. The halt is expected to restore market confidence, with Binance aiming to ensure customers\“ interests are protected.