Coins.ph, one of the leading Philippine-based crypto exchange companies, has just announced that it has temporarily stopped XRP withdrawals.
“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…” the company stated in a recent Twitter post.
Coins.ph cited “technical issues” for the halt in XRP deposits and withdrawals.
Users are advised to monitor Coins.ph’s official channels for updates
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.
XRP coin (IMAGE CREDIT: www.amazon.com)
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.
It can be recalled that PDAX, another major Philippine cryptocurrency exchange in the country, also 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.