Binance, the largest cryptocurrency exchange in the world, said it had suspended all Dogecoin withdrawals for a while. According to a statement on Thursday, a Dogecoin network upgrade resulted in a glitch.
The exchange announced they will allow withdrawals again once the problem is resolved.
“Binance is actively working with the DOGE project team to resolve the issue,” the company said in its statement.
Binance added that users are able to withdraw the meme-based digital token on other networks meanwhile.
“We will provide a further update as soon as possible,” the company said.
By Friday morning, there had still been no updates from the company.
Nonetheless, Dogecoin investors are still calm about it. DOGE was last up 0.14% trading at $0.2612 at 05:19 a.m. ET Friday, according to Coinmarketcap data.
Analysts warn from exchanges outages
Earlier in November, Binance had to suspend all cryptocurrencies withdrawals for two hours following a database problem. Before that, a Binance outage occurred in May. The problem resulted in heavy losses to investors who requested compensation from the exchange.
