Follow us @crypto for our full coverage.<\/p>\n
Binance Holdings Ltd., the largest cryptocurrency exchange, briefly suspended withdrawals on Monday.<\/p>\n
The company made the announcement on Twitter that it had stopped withdrawals, and then about half an hour later said they had resumed. Changpeng Zhao, the Binance co-founder who goes by CZ, said by text message that we sometimes have to do some system maintenance work, without elaborating further.<\/p>\n
Trading disruptions are relatively common in the world of crypto, where exchanges operate in a lightly regulated environment and arent subject to the same stringent controls of traditional exchanges. Still, the frequency of the problems has raised questions about the safety of crypto trading at a time when thousands of new customers are flocking to platforms like Coinbase, Binance and Kraken.<\/p>\n
Crypto Mania Sends Doge Soaring, Crashes Robinhood Token Trading<\/p>\n
The popularity of crypto and its wild market swings are also catching the attention of more central bankers and regulators. Last week, Bank of England Governor Andrew Bailey issued a stark warning to those investing in cryptocurrencies: Buy them only if youre prepared to lose all your money.<\/p>\n
Binance, which is run from Asia, has been attracting more than 300,000 user registrations a day, exceeding its previous peak reached in 2017, Zhao told Bloomberg TV in February.<\/p>\n
(Updates with company comment in second paragraph.)<\/p>\n
Before it's here, it's on the Bloomberg Terminal.<\/p>\n
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