Trading Platforms Binance and Coinbase Suspend USDC Withdrawals
Once Circle’s stablecoin, USD Coin (USDC), experienced a de-peg due to the failure of Silicon Valley Bank, two of the main cryptocurrency exchanges, Coinbase and Binance, took action (SVB). Currency exchange on Coinbase has been temporarily disabled for USDC Since banks are closed today, Coinbase is unable to process USDC to USD conversions until Monday. The exchange has halted conversions…
Trading Platforms Binance and Coinbase Suspend USDC Withdrawals Once Circle’s stablecoin, USD Coin (USDC), experienced a de-peg due to the failure of Silicon Valley Bank, two of the main cryptocurrency exchanges, Coinbase and Binance, took action (SVB). Currency exchange on Coinbase has been temporarily disabled for USDC Since banks are closed today, Coinbase is unable to process USDC to USD conversions until Monday. The exchange has halted conversions… Cryptocurrency
Trading Platforms Binance Coinbase Suspend USDC Withdrawals Circle’s stablecoin USD Coin USDC experienced depeg due failure Silicon Valley Bank two main cryptocurrency exchange Coinbase Binance took action SVB Currency exchange Coinbase temporarily disabled USDC Since bank closed today Coinbase unable process USDC USD conversion Monday exchange halted conversions… Cryptocurrency