Dogecoin Withdrawals Return To Binance

Binance resumed DOGE withdrawals after suspending them earlier this month due to technical issues with the platform. As part of Binance’s statement, it said that it worked with Dogecoin Core maintainers to “diagnose, solve, and prevent” the problem from recurring. Because Binance is the world’s largest cryptocurrency exchange by volume, the Dogecoin market ran into a bottleneck as investors waited to make withdrawals. While the company had to build a new DOGE wallet to prevent conflicts with previous updates to the token, Elon Musk took to Twitter (TWTR@US) to criticize Binance for mistreating DOGE customers. In response, Changpeng Zhao, CEO of Binance, announced a “DogeOrTesla” contest, asking his Twitter followers if they would rather win a custom DOGE Tesla or $50,000 in Dogecoin. At press time, Binance Coin was up 0.9% at $628.29.