Coinbase, Exchanges

What Coins Will Be Listed on Coinbase?

As one of the most popular cryptocurrency exchanges in the world, Coinbase has listings for a variety of digital assets. However, not all coins are available on the platform. So, what coins will be listed on Coinbase?

Bitcoin (BTC)

Bitcoin Cash (BCH)

Ethereum (ETH)

Litecoin (LTC)

These are the current coins that are available on Coinbase. However, the exchange has plans to list more coins in the future.

NOTE: WARNING: Coinbase does not guarantee that any particular coin will be listed on its platform. Coinbase reserves the right to list or delist coins at its discretion and without prior notice. In addition, Coinbase may apply additional restrictions or conditions to any listing, such as requiring additional verification of the coin or its development team. Investing in coins listed on Coinbase is highly speculative and carries a considerable degree of risk. You should do your own research before investing in any coin listed on Coinbase.

Some of the coins that are being considered for listing include Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX).

The process for listing a new coin on Coinbase is fairly lengthy and rigorous. The exchange needs to ensure that the coin meets its standards for security and compliance.

Additionally, Coinbase needs to be able to support the trading volume for the coin. For these reasons, it can take some time before a new coin is actually listed on the platform.

So, which coins will be listed on Coinbase? While we can’t say for sure, it’s likely that we will see some new listings in the near future. ADA, BAT, XLM, ZEC, and ZRX are all strong contenders.

Assets, Bitcoin

Is Bitcoin in Consolidation?

Bitcoin is currently in a consolidation phase with prices hovering around the $9,000 mark. This is after a strong rally in April that saw prices climb to over $13,000. So, what does this consolidation mean for Bitcoin and the cryptocurrency market?

Well, for one, it shows that the market is still very much in a bullish mood despite the recent pullback. This is because prices have not fallen below key support levels such as $8,800 and $9,200.

Moreover, the daily chart is still looking quite bullish with prices remaining above the 20-day moving average.

NOTE: Warning: Investing in Bitcoin carries a high level of risk and may not be suitable for all investors. Before investing in Bitcoin, you should be aware of the risks associated with it, such as the potential for market consolidation. When the market consolidates, prices often decline and there is no guarantee that you will make a profit or that you won’t lose your investment. You should also be aware of potential scams associated with Bitcoin and other cryptocurrencies. Make sure to do your research before investing in any cryptocurrency.

What’s more, the RSI indicator is also showing signs of further UPSide as it remains in bullish territory. Thus, it seems like Bitcoin could soon resume its uptrend and potentially move towards the $10,000 mark once again.

Of course, consolidation periods can last for a while and there’s no guarantee that prices will move higher from here. However, the overall market sentiment remains positive and there appears to be good support at key levels, which suggests that an UPSide move is more likely than a downside one.

So, in conclusion, it seems that Bitcoin is currently in consolidation but this could just be a pause before the next leg up.

8 Related Question Answers Found

Is Bitcoin in a Bubble?

When it comes to Bitcoin, there are a lot of different opinions out there. Some people believe that Bitcoin is in a bubble, while others believe that it is not. So, what is the truth?

Is Bitcoin Same as Cryptocurrency?

As digital currencies have grown in popularity, so too have the number of different types of digital currencies. One such currency is Bitcoin. But what is Bitcoin, and how is it different from other digital currencies?

What Crypto Is Correlated to Bitcoin?

When it comes to cryptocurrency, Bitcoin is often the first thing that comes to mind. But what about the others? What are they correlated to?

Can Bitcoin Be Rug Pulled?

When it comes to Bitcoin, there are a lot of misconceptions out there. One of the most common is that Bitcoin can be rug pulled. What is a rug pull?

How Is Bitcoin Divided?

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Is Crypto the Same as Bitcoin?

Cryptocurrencies are a type of digital asset that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.

Where Does Bitcoin Get Its Value?

Bitcoin is often described as digital gold. Like gold, bitcoin cannot be created out of thin air. Gold must be mined out of the ground, and bitcoin must be “mined” through computational power.

What Happens if You Buy Bitcoin With a Credit Card?

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Assets, Ethereum

Can You Buy Ethereum Through Robinhood?

You can’t buy Ethereum through Robinhood. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is built on a blockchain, a decentralized ledger that keeps track of all transactions. Bitcoin is also built on a blockchain, but the two platforms are different.

Bitcoin is designed as a digital currency and Ethereum is designed as a decentralized platform that runs smart contracts.

NOTE: Warning: Buying Ethereum through Robinhood may be risky, as it is not regulated by the SEC and there is no guarantee of protection for your funds. Additionally, the platform has been known to experience outages, which can cause disruption to your trading activities. It is important to do your own research and understand the risks associated with using Robinhood before investing.

If you want to buy Ethereum, you’ll need to set up an account with an exchange that supports the cryptocurrency. Coinbase, Gemini, and Kraken are all popular choices.

Once you have an account, you’ll need to transfer money into it from your bank account. Then you can use that money to buy Ethereum.

Ethereum is not available on Robinhood, so if you’re looking to invest in the cryptocurrency, you’ll need to use another platform.

1 Related Question Answer Found

Can You Buy Ethereum Classic on Robinhood?

If you’re looking to buy Ethereum Classic on Robinhood, you’re out of luck. The popular stock trading app does not currently offer support for the cryptocurrency. That said, there are a number of other ways to buy Ethereum Classic.
Binance, Exchanges

Why Is My Total Balance and Available Balance Different Binance?

There are a few reasons why your total balance and available balance might be different on Binance. One reason is that you might have made a deposit but it hasn’t been processed yet. Deposits can sometimes take a few minutes to an hour to show up in your account. Another reason could be that you have made a trade but the trade hasn’t been executed yet. Trades can take a few seconds to a few minutes to go through.

NOTE: WARNING: It is important to note that your Total Balance and Available Balance within Binance may be different. This is because your Total Balance includes funds that are currently held in orders you have placed on the exchange, while your Available Balance only includes funds that are available to use without any outstanding orders. If you have placed buy or sell orders on the exchange, this difference between these two balances can become significant. As such, it is important to keep a close eye on both of these balances when trading on Binance.

Finally, there could be a small difference due to the fact that Binance holds a small amount of every currency in order to cover network fees. This is called the “Binance Reserve”. The Binance Reserve is not included in your available balance but is included in your total balance. In conclusion, the difference between your total balance and available balance on Binance can be due to deposits, trades, or the Binance Reserve.

9 Related Question Answers Found

Where Is My Balance on Binance?

If you’re wondering where your balance is on Binance, don’t worry – it’s probably just hidden. By default, Binance only displays your balances for the cryptocurrencies that you have traded in the past 30 days. However, you can view all of your balances by selecting the “All Assets” option from the drop-down menu at the top of the page.

Why Is My Funds Locked on Binance?

There are a few reasons why your funds might be locked on Binance. One possibility is that you have reached your daily limit for withdrawals. Binance has a withdrawal limit of 2 BTC per day for unverified accounts and 100 BTC per day for verified accounts.

Why Is My Binance Account Frozen?

If you’re a cryptocurrency user, there’s a good chance you’ve heard of Binance. Binance is one of the largest cryptocurrency exchanges in the world, and it offers a wide variety of services to its users. One of those services is the ability to trade cryptocurrencies.

What Is Binance and How It Works?

Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance was founded in July 2017 by Changpeng Zhao and Yi He.

Why Can't I See My Balance on Binance?

If you’re having trouble seeing your balance on Binance, don’t worry-you’re not alone. Many users have reported similar issues, and the good news is that there are a few different ways to fix it. The first thing to check is whether or not you have actually deposited any cryptocurrency into your Binance account.

What Does in Order Mean on Binance?

In order to trade on Binance, you will need to understand what an order is and how it works. An order is simply an instruction to buy or sell a security at a specified price or better. When you place an order with Binance, you are authorizing the exchange to trade your coins or tokens at the price you have specified.

Why Does Binance Us Take So Long to Verify?

It’s been a little over two weeks since Binance US first opened up account registration on its platform, and users are still waiting for their accounts to be verified. So, why does it take so long to verify a Binance US account? There are a few reasons why verification might take longer than usual on Binance US.

Why Is My Binance Account Locked?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has locked accounts of users in at least two regions after identifying “suspicious activity.” The exchange said it is investigating “phishing and other types of attacks” and is working with law enforcement. It did not say how many accounts were affected or which countries they were in. In a statement, Binance said it had “reason to believe that multiple accounts were compromised by phishers using a variety of techniques.” “We are still working to determine the exact number of affected users, and we will update everyone as soon as possible,” the exchange said.

What Is Wallet Balance in Binance?

Wallet balance in Binance is the total amount of money that you have in your Binance account. This includes both your deposited funds and your earnings from trading. Your wallet balance can be used to trade, withdraw, or transfer funds.
Coinbase, Exchanges

What Coins Can I Buy on Coinbase?

When it comes to buying cryptocurrency, Coinbase is one of the most popular exchanges out there. The platform makes it easy to buy, sell, and store digital assets, and offers a wide range of coins to choose from. So, what coins can you buy on Coinbase?

Bitcoin (BTC) is the original cryptocurrency, and is still the most popular coin on the market. Coinbase allows users to buy and sell Bitcoin, as well as store it in a wallet on the platform.

Ethereum (ETH) is the second largest cryptocurrency by market capitalization, and is widely considered to be the most important blockchain platform after Bitcoin. Coinbase offers Ethereum trading and storage services.

Litecoin (LTC) is often referred to as “the silver to Bitcoin’s gold”. It’s a fork of Bitcoin with some notable differences, such as a shorter block time and increased maximum supply.

Coinbase supports Litecoin trading and storage.

Bitcoin Cash (BCH) is another Bitcoin fork, created in 2017. It has since become one of the most popular cryptocurrencies, due in part to its larger block size which allows for faster transactions.

NOTE: WARNING: Before purchasing any type of cryptocurrency through Coinbase, be sure to thoroughly research the coin and its associated risks. Cryptocurrency can be a highly volatile investment, with prices constantly changing. You should also be aware of potential risks associated with storing your coins on Coinbase, such as hacking or theft. Additionally, Coinbase may impose fees and limits on the purchase of certain coins, so please check these before making any purchases.

Coinbase offers Bitcoin Cash trading and storage services.

EOS is a blockchain platform for decentralized applications (dApps), similar to Ethereum. It’s unique in that it uses a delegated proof-of-stake consensus model, which is meant to be more scalable than other dApp platforms.

Coinbase supports EOS trading and storage.

XRP is the native cryptocurrency of the Ripple network, a real-time gross settlement system (RTGS) that allows for fast and cheap international payments. It’s one of the largest cryptocurrencies by market capitalization, and is supported by Coinbase.

These are just some of the many coins available on Coinbase. The platform also supports a number of other digital assets, including Ethereum Classic (ETC), Basic Attention Token (BAT), Stellar Lumens (XLM), Monero (XMR), Zcash (ZEC), and more.

So whatever your investment goals may be, you’re sure to find a coin that suits your needs on Coinbase.

1 Related Question Answer Found

What Coins Will Be Listed on Coinbase?

As one of the most popular cryptocurrency exchanges in the world, Coinbase has listings for a variety of digital assets. However, not all coins are available on the platform. So, what coins will be listed on Coinbase?
Assets, Ethereum

Can You Buy Ethereum Options on Robinhood?

Yes, you can buy Ethereum options on Robinhood. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum’s blockchain is the most widely used blockchain in the world. It is a public, permissionless blockchain that anyone can access and use.

The Ethereum blockchain is powered by the native cryptocurrency, Ether (ETH).

ETH is the second-largest cryptocurrency by market capitalization and is used to pay for gas, the fees charged for processing transactions on the Ethereum blockchain.

NOTE: WARNING: Trading Ethereum Options on Robinhood is a high-risk activity that may result in financial loss. Before trading, it is important to understand the risks associated with this type of transaction and to be fully aware of the potential for losses. In addition, investors should also be aware of the terms and conditions of Robinhood as they may change from time to time, and any changes may affect their ability to successfully trade Ethereum Options on the platform.

Options are a type of derivative contract that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date. Options are traded on exchanges and can be bought and sold OTC (over-the-counter).

Ethereum options are settled in ETH, meaning that at expiration, the option holder will receive ETH if the option is in-the-money, or they will pay ETH if the option is out-of-the-money.

Robinhood is a commission-free stock trading platform that also offers crypto trading. Robinhood launched crypto trading in February 2018 with 4 coins: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

In May 2019, Robinhood added support for Ethereum Classic (ETC).

You can trade ETH options on Robinhood with expirations from 1 day to 3 months. Robinhood does not charge commissions for options trades.

2 Related Question Answers Found

Can You Buy Ethereum Classic on Robinhood?

If you’re looking to buy Ethereum Classic on Robinhood, you’re out of luck. The popular stock trading app does not currently offer support for the cryptocurrency. That said, there are a number of other ways to buy Ethereum Classic.

Can You Buy Ethereum Through Robinhood?

You can’t buy Ethereum through Robinhood. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is built on a blockchain, a decentralized ledger that keeps track of all transactions.
Binance, Exchanges

Why Is My Funds Locked on Binance?

There are a few reasons why your funds might be locked on Binance. One possibility is that you have reached your daily limit for withdrawals. Binance has a withdrawal limit of 2 BTC per day for unverified accounts and 100 BTC per day for verified accounts. If you have reached your daily limit, you will need to wait until the next day to make any more withdrawals.

NOTE: WARNING: Funds can become locked on Binance for a variety of reasons. These include account verification issues, withdrawal limitations, suspicious activity, and system errors. Please take the necessary steps to protect your funds and contact Binance support for assistance if your funds are locked.

Another possibility is that you have not completed the KYC verification process. Binance requires all users to complete KYC verification before they are able to withdraw funds. Finally, your funds may be locked if Binance suspects that you are engaging in fraudulent or illegal activity. If your funds are locked, you will need to contact Binance customer support for assistance.

9 Related Question Answers Found

Why Does Binance Say I Have Insufficient Funds?

If you’ve ever tried to buy a cryptocurrency on Binance and gotten the message “Insufficient Funds,” you’re not alone. It’s a common error, and there are a few different reasons why it might happen. The first reason is the most obvious: you simply don’t have enough of the currency in your account to make the purchase.

Why Is My Binance US Account Locked?

If you are a US citizen trying to access your Binance account, you may have noticed that it is locked. This is because Binance US is not currently available to US citizens. While this may seem like a frustrating restriction, there are actually a few good reasons for it.

Can Binance Steal My Money?

Binance, one of the world’s largest cryptocurrency exchanges, has been accused of stealing money from its users. The accusations come from a number of different sources, including a class action lAWSuit filed in the United States. The lAWSuit alleges that Binance has engaged in a number of fraudulent activities, including wash trading, spoofing, and market manipulation.

Are Funds Safe in Binance?

Binance, the world’s largest cryptocurrency exchange by trading volume, has been a Target of hackers since it was founded in 2017. In July 2018, hackers stole more than $30 million worth of digital currency from Binance. The attack affected both Binance’s hot wallet (an online wallet connected to the internet) and its cold wallet (a offline wallet not connected to the internet).

Why Is Binance Withdrawal Fee So High?

Binance is one of the most popular cryptocurrency exchanges out there. However, one thing that has always been a bit of a turn-off for users is the high withdrawal fees. Recently, Binance decided to increase their withdrawal fees even more.

Can Binance Keep My Money?

Binance, the world’s largest cryptocurrency exchange by trading volume, has been a reliable and safe place to buy, sell, and trade digital assets since its launch in 2017. But with recent news of hacks and heists at other exchanges, some users are wondering: can Binance keep my money safe? The short answer is: yes.

Why Is My Binance Account Frozen?

If you’re a cryptocurrency user, there’s a good chance you’ve heard of Binance. Binance is one of the largest cryptocurrency exchanges in the world, and it offers a wide variety of services to its users. One of those services is the ability to trade cryptocurrencies.

Why Do My Binance Deposits Keep Failing?

There are a few reasons why your Binance deposits might keep failing. The first reason is that the deposit address might be incorrect. Make sure you’re double-checking the deposit address before sending any funds.

Are My Funds Safe on Binance?

Binance is a cryptocurrency exchange with a focus on the Chinese market and other Chinese coins. Binance was created after a successful ICO that raised 15 million dollars in July 2017. The exchange has grown rapidly since then, and now has over 6 million users.
Assets, Bitcoin

Is Bitcoin in Bear Market?

As Bitcoin’s price falls below $7,000 for the first time in over a month, many are wondering if the bears have finally taken control. While it’s still too early to say for certain, there are a few factors that suggest the market may be heading for a prolonged period of decline.

The most obvious factor is the recent break of key support levels. For much of 2018, $6,000 served as a floor for Bitcoin’s price, but that level was decisively breached last week.

Since then, the $6,000-$7,000 range has also been broken, with prices dipping as low as $6,200 on some exchanges.

Another bearish sign is the increasing number of large sell orders being placed on exchanges. These orders are often placed by whales (individuals or groUPS holding large amounts of cryptocurrency) who are looking to unload their holdings at advantageous prices.

NOTE: WARNING: Investing in Bitcoin or any other cryptocurrency is highly speculative and carries a high degree of risk. The value of Bitcoin is extremely volatile and can be subject to wide fluctuations, including dramatic drops that may be considered a “bear market.” Investing in cryptocurrencies should only be done by those who understand the risks involved and are willing to accept them. You should do your own research before making any investment decisions.

The presence of more whales selling is often considered a sign that the market is about to enter a period of extended decline. This is especially true when combined with the loss of key support levels, as it suggests that even those who are normally bullish on Bitcoin are now turning bearish.

Of course, it’s important to remember that the cryptocurrency markets are notoriously volatile and unpredictable. Even if the bears do take control in the short-term, there’s no guarantee that prices will continue to fall.

A sudden influx of buying pressure could easily lead to a sharp rally, invalidating all of the bearish signs mentioned above.

For now, however, it seems likely that Bitcoin is in for a period of sustained decline. Prices may fluctuate in the short-term, but it’s increasingly likely that any rallies will be short-lived and followed by further drops.

Those who are bullish on Bitcoin may want to consider waiting for more favorable conditions before buying back in.

7 Related Question Answers Found

Is Bitcoin on the Stock Market?

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Is Bitcoin in a Bull Trap?

The Bitcoin bulls are back. After a long period of consolidation below $4,000, Bitcoin finally broke out to the UPSide last week and surged to a new high of $5,856. This move sent a clear message to the market that the bulls are still in control and that Bitcoin is still in a long-term uptrend.

Is Bitcoin on Google Finance?

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Is Bitcoin a Bet Against the US Dollar?

When it comes to Bitcoin, there are a lot of mixed opinions out there. Some people think that it is a great investment, while others believe that it is nothing more than a gamble. So, what is the truth?

Is Bitcoin a Bull Trap?

There is no one answer to this question. Some people believe that Bitcoin is a bull trap, while others believe it is a legitimate investment. The truth probably lies somewhere in between.

Is Bitcoin a Junk Bond?

When it comes to Bitcoin, there is a lot of speculation as to whether or not it is a junk bond. While there are pros and cons to this argument, the overall consensus seems to be that Bitcoin is not a junk bond. Here’s a closer look at the arguments for and against Bitcoin as a junk bond: For: -Bitcoin has been around for nearly 10 years and is still going strong.

Is Bitcoin Backed by the FDIC?

When it comes to Bitcoin, there are a lot of questions that still need to be answered. One of the biggest questions is whether or not Bitcoin is backed by the FDIC. The answer to this question is a bit complicated.
Assets, Ethereum

Can You Buy Ethereum in Cash?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ether, the native cryptocurrency of Ethereum, powers the Ethereum network and is used to pay for transaction fees and services on the Ethereum network.

NOTE: WARNING: Purchasing Ethereum in cash is not recommended as it is a risky and unregulated form of cryptocurrency transaction. There is potential for fraud, scams, and money laundering. It’s important to be aware of the risks involved before engaging in any cryptocurrency transaction.

You can buy Ethereum with cash using a peer-to-peer exchange like LocalCryptos or BitQuick.

LocalCryptos is a person-to-person marketplace that supports over 150 payment methods, including cash. BitQuick is a US-based service that allows you to buy Bitcoin with cash deposited into a third party bank account.

Once you have Bitcoin, you can use an exchange like Coinbase to convert your Bitcoin into Ethereum.

1 Related Question Answer Found

Can You Buy Ethereum Directly?

As the second largest cryptocurrency by market capitalization, Ethereum has attracted a lot of attention from investors and crypto enthusiasts over the past few years. And with good reason! Ethereum’s smart contract functionality allows for the creation of a wide range of decentralized applications (dApps) that have the potential to revolutionize many industries.
Binance, Exchanges

Why Is My Binance Account Banned?

If you are a Binance user, you may have noticed that your account has been banned. This is because Binance has recently implemented a new policy that bans accounts that are inactive for more than two years. While this may seem like a harsh policy, it is actually in line with other exchanges who have similar policies.

NOTE: WARNING: If your Binance account has been banned, it is very important to understand why it has happened. Your account may have been banned due to suspicious activity, violation of terms and conditions, or other security issues. Please contact Binance’s customer support for more information as soon as possible.

The reason for this is to protect users from losing their funds to hacks or scams. By banning inactive accounts, Binance is able to reduce the risk of these types of attacks.

While some users may be UPSet about their account being banned, it is important to remember that Binance is doing this to protect its users. If you are a Binance user and your account has been banned, you can contact customer support to see if there is anything that can be done.

3 Related Question Answers Found

Why Does Binance Say Withdrawal Suspended?

Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended withdrawals of Bitcoin and Ethereum due to “irregularities” with its hot wallet. The announcement was made via the exchange’s official Twitter account on Wednesday, February 7. “Binance has discovered irregularities with its hot wallet cluster and has taken action to suspend withdrawals while we investigate,” the tweet reads. “We are working to determine the root cause and will fully resume withdrawals once the issue is resolved.” The news comes just days after Binance paused trading on its platform for two hours due to “server maintenance.” The exchange later said that the maintenance was “unrelated” to the issues with its hot wallet. At the time of writing, Binance has not provided any further details about the irregularity or when withdrawals will be resumed.

Why Is Binance Withdrawal Suspended?

Binance, the world’s largest cryptocurrency exchange by trading volume, has suspended withdrawals of cryptocurrencies. The move comes after the exchange experienced a “large scale security breach” in which hackers stole 7,000 bitcoin (worth $40 million at the time). In a statement, Binance said it had discovered the hack on Tuesday and that the hackers had used a variety of techniques, including phishing, viruses and other attacks.

Why Has Binance Suspended Withdrawals?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has suspended withdrawals indefinitely. The move comes after a “large scale security breach” that resulted in the loss of 7,000 BTC (about $40 million at current prices). Binance says it will use its “Secure Asset Fund for Users” (SAFU) to cover the lost funds.