Major Cryptocurrency Exchange Binance Grapples with Continuous Liquidity Issues

Binance, known as the world’s largest cryptocurrency exchange in terms of trade volume, has been attracting attention due to multiple ongoing issues. The problems have increased considerably after the lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance. The current issue at hand is entirely related to liquidity. Bitcoin Cash Problem on Binance Users of Binance.US, the US subsidiary of Binance, seem to be caught in unending troubles. The liquidity issues, which began months ago, now seem to have reached a peak. The situation is particularly troublesome for users wanting to trade Bitcoin Cash (BCH). An advisory issued by Binance highlighted the specific issue with Bitcoin Cash. According to Binance’s post, BCH withdrawal operations are faltering due to a “temporary restriction”. Binance’s team stated in the post that the BCH assets will be rebalanced, indicating that the exchange currently does not possess enough BCH. A Twitter user […] The post Major Cryptocurrency Exchange Binance Grapples with Continuous Liquidity Issues appeared first on COINTURK NEWS.