Kraken, one of the leading cryptocurrency exchanges, has recently been experiencing delays in deposits and withdrawals due to issues with its crypto funding gateways.
Cryptocurrency Exchange Kraken Has Problems With Withdrawals And Deposits
The exchange has identified the issue affecting several gateways, including popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and ERC20 tokens.
According to reports, Kraken is actively investigating the issue to determine the cause and find a solution. The exchange's status page is regularly updated to inform users of the ongoing issue.
As of now, deposits and withdrawals are experiencing delays and the Kraken team is working diligently to fix the issue as soon as possible.
The first notification of the issue was posted on June 6 at approximately 10:44 am. Since then, Kraken has released two updates that reassure users that they are actively working on a solution. However, the specific cause of the issue was not clearly stated on the exchange's status page.
Delays in deposits and withdrawals can be a source of frustration for users who rely on efficient and timely transactions.
Kraken recognizes the importance of resolving these issues promptly in order to minimize inconvenience to its user base. By investigating the issue and providing regular updates, the exchange aims to maintain transparency and keep its users informed.
Kraken's proactive approach to promptly acknowledging and addressing gateway issues demonstrates its commitment to providing a reliable and efficient trading experience for its users.
The exchange's technical team is working on a fix to restore normal functionality to the affected gateways.
*Not investment advice.
