Mt. Gox Temporarily Suspends US Dollar Withdrawal

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Mt. Gox Temporarily Suspends US Dollar Withdrawal
Mt. Gox Temporarily Suspends US Dollar Withdrawal

Bitcoin exchange Mt. Gox released a note for fellow customers that it is suspending US Dollar withdrawals for some time as it has found out that its site is handling growing global traffic and there has been rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin in the last couple of weeks.

The release declares that Bitcoin exchange Mt. Gox owing to huge traffic, it is facing difficulties to process the transactions smoothly and within a timely manner. Heavy traffic has caused unnecessary delays for its global customers, particularly for the ones who are in the US and are requesting wire transfer withdrawals from their accounts.

Mt. Gox has apologized for any inconvenience this decision causes to its U.S. customers till the time it resumes its services. However, it also promises that it will come up with a dramatically improved trading engine to provide an enhanced experience.

The release is significant from the point of view that over the past few weeks Mt. Gox experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin and that shows Bitcoins are becoming more popular. Today the price for Bitcoin topped at $110 which is the highest for this week.

Notwithstanding what, Mt. Gox assures customers that USD deposits and transfers to Mt. Gox will remain unaffected. Also, there would not be any change in its policy for deposits and withdrawals in other currencies.

The release declares that it is suspending the services for the US dollar withdrawals so that it can offer a better in the future. It will be up in the next two weeks.