Binance Temporarily Suspends XRP Withdrawals for Maintenance, Sparking Community Backlash#XRPGoalThe temporary suspension of XRP withdrawals on Binance has garnered widespread attention in the cryptocurrency community. Binance paused withdrawals due to routine maintenance on Ripple Ledger (XRPL)-linked wallets, which has caused some confusion and concern among investors. Prominent voices in the XRP community, such as Edward Farina, advised users to consider moving their assets off centralized exchanges to avoid withdrawal issues.
Binance clarified that the suspension was purely for maintenance and did not affect XRP trading or withdrawals via alternative networks such as Ethereum (ERC20) and BNB Smart Chain (BEP20). The maintenance was quickly completed and XRP withdrawals were restored.
The incident has also reignited discussions about the distinction between Ripple, the US-based payments company, and XRP, its native asset, as the confusion impacts regulatory interpretations of the legal classification of XRP.
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