Binance Comments on XRP Withdrawal Suspension
Date: 2025-06-12 Author: Gabriel Deangelo Categories: BUSINESS
The Binance cryptocurrency exchange explained why some users encountered difficulties in withdrawing the XRP token. According to platform representatives, the situation was caused by short-term technical failures in the Ripple network, which have already been fixed.
Binance support reported that there is no reason to worry: all XRP withdrawal operations are functioning normally. At the same time, the company emphasized that this was not a large-scale blocking of transactions, but local cases caused by external reasons beyond the control of the exchange itself.
“We confirm that the Binance platform is processing XRP withdrawals as usual. The issues reported by users are solely related to the operation of the Ripple network and are temporary,” the company noted.
Binance also reminded users of the possible risks associated with centralized platforms. As a precaution, the exchange recommended that investors create backup wallets in advance and closely monitor the technical condition of the networks in which they conduct transactions.
Binance specialists added that XRP remains a liquid asset and continues to be in high demand among traders. The company is confident that despite temporary problems, interest in the token from users is not weakening.
It is worth noting that against the backdrop of reports of temporary delays, the XRP rate has fallen against most currencies - both the US dollar and the euro and other digital assets. However, representatives of the exchange assured that the situation is stable and there is no reason to panic.
Earlier, Binance also announced the end of support for transactions in Uzbek soums (UZS) on its P2P platform. However, the company did not link this decision to the incident related to XRP.
Thus, the current situation around XRP on Binance does not indicate large-scale problems with the cryptocurrency or the exchange itself. The platform continues to operate as usual, and users are advised to remain calm and monitor Ripple network updates.
