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Wyre, a Cryptocurrency Payment Platform Implements Withdrawal Limits

Wyre, a Cryptocurrency Payment Platform Implements Withdrawal Limits

  • Wyre, a crypto payments company, declared on January 8 that it was revising its withdrawal policy. Withdrawals are now limited to no more than 90% of the money in client accounts.
  • There are extra withdrawal restrictions of 5 BTC and 50 ETH each day and limits on fiat withdrawals.
  • The action indicates rising anxiety about bankruptcy and a possible liquidity constraint if nervous clients demand their money back quickly.
  • Wyre has also split from MetaMask, a renowned cryptocurrency wallet service. On January 6, MetaMask said the platform was dropped from its mobile aggregator.

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