Binance
Binance quickly followed Celsius’s lead and temporality halted withdrawals on June 13 but for hours rather than weeks. In a statement explaining the freeze, Binance told The Guardian it had opted to make the move, “due to an earlier batch of transactions getting stuck from low transaction fees submitted.” Luckily for Binance users, withdrawals resumed before the next work day.
Binance appears to have recovered—so far, anyway—more quickly than other competitors. While other firms like Coinbase were announcing layoffs, Binance actually went the opposite direction earlier this month and said it planned to open up 2,000 positions for hiring.
