Binance, the world's largest crypto exchange recently shared an update on pending Bitcoin (BTC) transactions. The exchange finally announced to resume withdrawals, all pending BTC withdrawal transactions are now in process.
The world's largest crypto exchange on its Twitter page has uploaded a tweet stating that all outstanding withdrawal transactions have been processed. It added that their team is already implementing a solution to ensure this does not happen again.
All pending $BTC withdrawal transactions have now been processed.
Once again, thank you for your patience and our team is already implementing solutions to make sure this doesn't happen again. https://t.co/tY7S8R3U9d
— Binance (@binance) May 8, 2023
Earlier, Binance reported that withdrawals have been activated on the exchange. While transactions that have not yet been processed are followed by higher transaction fees. To avoid such incidents in the future, the payment has now been adjusted.
At the same time, that exchange will allow the production of Bitcoin lightning Network which will provide support going forward in situations like this.
