Leading Philippines-based crypto exchange company Coins.ph has announced that it temporarily halts XRP withdrawals.
“Hi Community! Please be informed that XRP withdrawal services are currently disabled. We are already working closely with our technical team to resolve the issue as soon as possible…” the company stated in a Twitter post.
Hi Coinmunity! Please be informed that XRP withdrawal services are currently disabled. We are already working closely with our technical team to resolve the issue as soon as possible.
For live updates, please visit our official status page: https://t.co/xbTvtZuIBR
Thank you…
— Coins.ph (@coinsph) April 10, 2023
Coins.ph cited “technical issues” for the halt in XRP deposits and withdrawals.
Coins.ph has assured its customers that it is working to resolve the technical issues affecting XRP Deposits and withdrawals as soon as possible. In the meantime, the exchange has advised its users to monitor its official channels for updates on the situation.
The XRP community in the Philippines has expressed disappointment at the news of the withdrawal halt. However, many are optimistic that the issue will be resolved soon and that XRP will continue to be a popular investment option in the country.
Recall that PDAX, another major Philippines cryptocurrency exchange in the country, suspended XRP trading and withdrawals in March 2021.
XRP is the seventh-largest cryptocurrency by market capitalization, with a market cap of over $80 billion.