Binance, the world's largest crypto exchange,bitcoin withdrawals for an hour late on Sunday and for about three hours on Monday, saying there was a glut of pending transactions because it hadn't offered so-called miners a high enough reward to log the trades on the blockchain.
The company said its set fees did not anticipate the recent surge in bitcoin-network gas fees - the payments made to crypto miners whose computing power processes transactions on the blockchain.In March, the companyReporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Devika Syamnath
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