High-profile crypto exchange Binance reportedly disclosed details regarding its plan to release support for withdrawals again, following over three hours during a high market volatility. 

Specifically, via an update of what is widely referred to as cryptocurrency’s “Black Monday”, Binance reportedly revealed through its website the decision to facilitate Bitcoin (BTC) network withdrawals within “the next couple of hours”, after resuming normal operations. 

The platform disclosed on June 13th its initiative to carry out a temporary halt for BTC withdrawals, with CEO Changpeng Zhao taking to Twitter to claim that all user funds were “SAFU.”

Although Binance-based BTC trading activity appears to have gotten back to normal, withdrawals for users on Celsius are still frozen since June 12th, when the platform disclosed that kind of actions placed it “in a better position to honor, over time, its withdrawal obligations.” 

As of the time of publication, Celsius has not provided any signs showing the services to get back to normal operation.

The plan conducted by two top-tier trading platforms for temporary pausing Bitcoin withdrawals took place when extreme volatility is recorded throughout the crypto market. The BTC price has slumped to a level unrecorded since December two years ago – plummeting below the $23,000 benchmark on June 13th – while the price of Ether (ETH) dropped to as low as $950 on Uniswap following a whale dumping 93,000 ETH within six hours.

People on social media appears to be waiting for further complications to occur, as it were, among other high-profile crypto exchange entities. 

Some have reportedly shared their worries that Coinbase – with its approximately 98 million current verified users – could go offline during market volatility or otherwise announce the suspension of withdrawals, given the exchange’s history of outages.