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Babel Finance Pauses Withdrawals, Cites Unusual Liquidity Pressures
source link: https://nextbigwhat.com/babel-finance-pauses-withdrawals-cites-unusual-liquidity-pressures/
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Babel Finance, the Asia-based crypto financial services firm, suspended client withdrawals five days after a similar move by Celsius triggered a fresh bout of turbulence in crypto markets.
“Due to the current situation, Babel Finance is facing unusual liquidity pressures,” according to a notice on its website on Friday. Crypto markets were rocked at the top of the week as crypto lending platform Celsius halted withdrawals.
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