Bitcoin
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$96,873.00 0.95914
Bitcoin price
Ethereum
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$2,703.36 1.38813
Ethereum price
BNB
BNB (BNB)
$669.93 -3.90925
BNB price
Solana
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$197.48 2.61129
Solana price
XRP
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$2.69 10.52192
XRP price
Shiba Inu
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$0.0000165 0.89715
Shiba Inu price
Pepe
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$0.00001 3.40997
Pepe price
Bonk
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$0.0000179 1.58097
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dogwifhat
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$0.658511 11.55392
dogwifhat price
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$0.358097 13.20324
Popcat price
Bitcoin
Bitcoin (BTC)
$96,873.00 0.95914
Bitcoin price
Ethereum
Ethereum (ETH)
$2,703.36 1.38813
Ethereum price
BNB
BNB (BNB)
$669.93 -3.90925
BNB price
Solana
Solana (SOL)
$197.48 2.61129
Solana price
XRP
XRP (XRP)
$2.69 10.52192
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.89715
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 3.40997
Pepe price
Bonk
Bonk (BONK)
$0.0000179 1.58097
Bonk price
dogwifhat
dogwifhat (WIF)
$0.658511 11.55392
dogwifhat price
Popcat
Popcat (POPCAT)
$0.358097 13.20324
Popcat price
Bitcoin
Bitcoin (BTC)
$96,873.00 0.95914
Bitcoin price
Ethereum
Ethereum (ETH)
$2,703.36 1.38813
Ethereum price
BNB
BNB (BNB)
$669.93 -3.90925
BNB price
Solana
Solana (SOL)
$197.48 2.61129
Solana price
XRP
XRP (XRP)
$2.69 10.52192
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.89715
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 3.40997
Pepe price
Bonk
Bonk (BONK)
$0.0000179 1.58097
Bonk price
dogwifhat
dogwifhat (WIF)
$0.658511 11.55392
dogwifhat price
Popcat
Popcat (POPCAT)
$0.358097 13.20324
Popcat price
Bitcoin
Bitcoin (BTC)
$96,873.00 0.95914
Bitcoin price
Ethereum
Ethereum (ETH)
$2,703.36 1.38813
Ethereum price
BNB
BNB (BNB)
$669.93 -3.90925
BNB price
Solana
Solana (SOL)
$197.48 2.61129
Solana price
XRP
XRP (XRP)
$2.69 10.52192
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000165 0.89715
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 3.40997
Pepe price
Bonk
Bonk (BONK)
$0.0000179 1.58097
Bonk price
dogwifhat
dogwifhat (WIF)
$0.658511 11.55392
dogwifhat price
Popcat
Popcat (POPCAT)
$0.358097 13.20324
Popcat price

Bithumb faces temporary XRP withdrawal delays as volume increases

Dorian Batycka
Edited by
News
Bithumb faces temporary XRP withdrawal delays as volume increases

Crypto market freefall causes Ripple withdrawal delays on Bithumb.

One of the major cryptocurrency exchanges in South Korea, Bithumb, has formally announced that withdrawals of XRP are taking longer than planned because of an unexpected spike in transaction volume.

In an official announcement, the exchange said: “Due to the increase in Ripple (XRP) withdrawal volume, it is temporarily taking time for the withdrawal to complete.”

To address this issue, Bithumb explained that withdrawals are being processed on a first-come, first-served basis while it attempts to fix the problem. Additionally, the exchange promised users that regular operations would soon return and that they would receive updates as events unfolded.

The cryptocurrency market is currently dealing with serious volatility, which coincides with this delay. The biggest cryptocurrency in the world, Bitcoin, has dropped precipitously and is now trading at $94,208, at the time of writing. This represents a significant 7.98% price decline over the last day, which is indicative of the current market decline.

The price of XRP, the native cryptocurrency of Ripple, has also dropped precipitously, falling to $2.06, a 30% drop from its recent high of $2.9.

Bithumb faces temporary XRP withdrawal delays as volume increases - 1
Source: CoinmarketCap

Processing XRP transactions may take longer than expected, due to the spike in crypto withdrawals and general market volatility.

Users of Bithumb and other exchanges are encouraged to monitor official statements and updates for any more developments regarding withdrawal processing timeframes, as the cryptocurrency market continues to slide further down.