Binance Resumes Bitcoin Withdrawals Despite Network Congestion.

Binance, the world's largest cryptocurrency exchange, halted bitcoin withdrawals for several hours on Monday due to heavy volumes and a surge in processing fees. The exchange cleared pending transactions at a higher cost after shutting down withdrawals twice. Binance said its set fees did not anticipate the recent surge in bitcoin network gas fees and that it was replacing the pending bitcoin withdrawal transactions with a higher fee so that they get picked up by mining pools.