Binance to End Support for Two Crypto Networks, When and Why?

Binance to End Support for Selected Token Transfers on BNB Smart Chain

After this deadline, any transfers using the affected network routes will not be credited to users’ accounts and may lead to permanent asset loss. The tokens affected by this change are Stafi (FIS) and Measurable Data Token (MDT). While transfers via BNB Smart Chain will be disabled, users can continue to deposit and withdraw these assets through other networks that Binance continues to support. The exchange urges users to review their wallet se…

Binance Halts Global XRP Withdrawals

Binance, a global cryptocurrency exchange, has temporarily stopped XRP withdrawals in all areas. This has worried users and started new discussions about the risks of custodial services in the crypto world. Reports say that the suspension is because of a fault on the Ripple network, not a problem with Binance itself. Network Disruption, Not Exchange Failure When users tried to take XRP out of Binance, they saw a warning that said, “Ripple networ…

Binance to End Support for Two Crypto Networks, When and Why?

Binance shuts down support for two token networks