Binance Opens EOS Deposits and Withdrawals After A Long Awaited Halt
The recent announcement by powerhouse cryptocurrency exchange, Binance is sure to please a lot of EOS holders. After nearly a 1 month suspension of deposits and withdrawals, they have opened them back up so that users can move their EOS off of the top ranked exchange or move it out of their wallets to start liquidating it.
— Binance (@binance) July 3, 2018
The price of EOS tokens has dropped significantly after their mainnet launch with drama surrounding them with Block Producers freezing accounts, a Block Producer being “too busy” to do their duties, proposed constitutional changes, RAM deficiencies, and hysteria spreading about it being centralized. It has been a busy month for the Block.One produced project.
One month ago, Binance said they would support the EOS Mainnet Swap and will be shutting down deposits and withdrawals starting at June 2nd when the EOS mainnet went live. the price of EOS at their all time high was $21.46 according to CoinMarketCap, which is down about -58% with today's pricing of $8.91. And its down almost -36% since June 4th.
As you can imagine, there are plenty of users that took to twitter to express their joy:
— YLMZKN 💯 (@_YLMZKN_) July 3, 2018
SWEET JESUS about time. What a fiasco.
— Gonzo Crypto Coinz (@joliwa) July 3, 2018