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MainNewsMajor Binanc...

Major Binance Announcement Concerning Solana (SOL) Withdrawals: Details


Mar, 06, 2024
< 1 min read
by CryptoPotato

TL;DR

  • Binance paused Solana (SOL) withdrawals, planning to resume the service by the end of the week.
  • Solana’s price remained stable despite the halt, amid Binance’s broader platform adjustments.

The largest cryptocurrency exchange temporarily suspended Solana (SOL) withdrawals due to “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 stated.

The firm apologized for the inconvenience, adding that the service has been unavailable since March 4. It is expected to be introduced back to users on March 9. 

SOL has not experienced any significant price swings in the past several hours, trading at almost the same levels observed yesterday (March 5).

This is not the first announcement coming from Binance since the beginning of this week. As CryptoPotato reported, it added Filecoin (FIL), NEAR Protocol (NEAR), Stellar (XLM), EOS (EOS), Injective (INJ), and Alien Worlds (TLM) as new loanable assets on Binance Loans.

The exchange also plans to remove 16 margin trading pairs, such as ALICE/BTC, BAL/BTC, OAX/BTC, SXP/BNB, BOND/BTC, CHESS/BTC, HARD/BTC, and more on March 15.

The post Major Binance Announcement Concerning Solana (SOL) Withdrawals: Details appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here

Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here

Check out which cryptocurrencies Binance will drop from its platform on April 16.
Apr, 08, 2025
2 min read
by CryptoPotato
Solana (SOL) Warning: Is a 40% Crash Next?

Solana (SOL) Warning: Is a 40% Crash Next?

The last time SOL slipped under $100 was nearly 14 months ago.
Apr, 07, 2025
2 min read
by CryptoPotato
MainNewsMajor Binanc...

Major Binance Announcement Concerning Solana (SOL) Withdrawals: Details


Mar, 06, 2024
< 1 min read
by CryptoPotato

TL;DR

  • Binance paused Solana (SOL) withdrawals, planning to resume the service by the end of the week.
  • Solana’s price remained stable despite the halt, amid Binance’s broader platform adjustments.

The largest cryptocurrency exchange temporarily suspended Solana (SOL) withdrawals due to “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 stated.

The firm apologized for the inconvenience, adding that the service has been unavailable since March 4. It is expected to be introduced back to users on March 9. 

SOL has not experienced any significant price swings in the past several hours, trading at almost the same levels observed yesterday (March 5).

This is not the first announcement coming from Binance since the beginning of this week. As CryptoPotato reported, it added Filecoin (FIL), NEAR Protocol (NEAR), Stellar (XLM), EOS (EOS), Injective (INJ), and Alien Worlds (TLM) as new loanable assets on Binance Loans.

The exchange also plans to remove 16 margin trading pairs, such as ALICE/BTC, BAL/BTC, OAX/BTC, SXP/BNB, BOND/BTC, CHESS/BTC, HARD/BTC, and more on March 15.

The post Major Binance Announcement Concerning Solana (SOL) Withdrawals: Details appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here

Binance Delists These Altcoins, Triggering a Price Meltdown: Details Here

Check out which cryptocurrencies Binance will drop from its platform on April 16.
Apr, 08, 2025
2 min read
by CryptoPotato
Solana (SOL) Warning: Is a 40% Crash Next?

Solana (SOL) Warning: Is a 40% Crash Next?

The last time SOL slipped under $100 was nearly 14 months ago.
Apr, 07, 2025
2 min read
by CryptoPotato