(Finance) – The cryptocurrency ecosystem is shaking: Binance, the world’s largest digital currency exchangeprevented Bitcoin withdrawals, “due to a large number of suspended transactions,” the company itself explained on Twitter.
The stop would have been linked to the growth of the “gas fees” that are paid by brokers for each transaction in Bitcoin; fees increased faster than Binance’s ability to update listings.
“Suspended transactions have been processed with higher transaction fees” – Binance wrote shortly before six in Italy when it reopened withdrawals -. “Gas prices fluctuate and go up, transactions freeze, fees grow. People complain. ‘Bull market’ problems, commented the Binance founder Changpeng Zhao.