TL;DR

• Binance paused Solana (SOL) withdrawals, planning to renew the service by the top of the week.
• Solana’s worth remained secure regardless of the halt, amid Binance’s broader platform changes.

The most important cryptocurrency change temporarily suspended Solana (SOL) withdrawals resulting from “the elevated quantity of transactions on the community.”

“Binance has recognized some areas for optimization and is working to offer a secure and long-term answer,” the corporate acknowledged.

The agency apologized for the inconvenience, including that the service has been unavailable since March 4. It’s anticipated to be launched again to customers on March 9.

SOL has not skilled any important worth swings previously a number of hours, buying and selling at nearly the identical ranges noticed yesterday (March 5).

This isn’t the primary announcement coming from Binance for the reason that starting of this week. As CryptoPotato reported, it added Filecoin (FIL), NEAR Protocol (NEAR), Stellar (XLM), EOS (EOS), Injective (INJ), and Alien Worlds (TLM) as new loanable belongings on Binance Loans.

The change additionally plans to take away 16 margin buying and selling pairs, corresponding to ALICE/BTC, BAL/BTC, OAX/BTC, SXP/BNB, BOND/BTC, CHESS/BTC, HARD/BTC, and extra on March 15.