Binance has denied circulating rumors claiming the suspension of XRP withdrawals, stating that all withdrawal services for the cryptocurrency remain fully operational. The exchange addressed misinformation regarding alleged network-related halts, emphasizing its commitment to transparent operations.
The platform reiterated its dedication to service continuity amid unfounded social media reports about withdrawal issues. This swift response aims to prevent unwarranted panic among investors, noting how false service disruption alerts can fuel market volatility and trader anxiety – a pattern previously observed during similar unfounded claims in late 2024.
Industry analysts highlight the importance of reliable communication from exchanges to maintain user trust during such incidents. Meanwhile, the episode reignites discussions contrasting centralized platforms with self-custody alternatives, as experts emphasize user-controlled digital asset management to mitigate third-party operational risks.