Binance cryptocurrency exchange has announced launching IOTA coin on the platform 3 months ago having listed IOTA/BTC and IOTA/ETH trading pairs. Currently the users of Binance are facing issues with withdrawals of IOTA, and most of them have not been able to withdraw the money for several weeks after sending the request.
Users' comments towards the problem with IOTA withdrawals on Binance Support
The users who wrote to Binance Support, received the following reply:
IOTA has currently suspended transactions due to a bug in their system.
We have received word from them that they are working on it to fix the issue, but we are still waiting for confirmation from them with regards to when they will resume transaction operations. We appreciate your patience and understanding, and as always, thank you for your continued patronage.
The Binance Support Team
Meanwhile, the price of IOTA has started to fall down, presumably due to the problems with money withdrawals. The coin decreased 0,46% within past hour, 1,03% within past 24 hours and eventually 7,95% within past 7 days.
At the moment of press, these are main market parameters of IOTA:
- Average price: $3,88
- Marketcap: $10 772 569 927
- 24h volume: $694 015 000