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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Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.