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Anyone else seeing increased settlement times for crypto withdrawals from brokers?
Noticed over the last few weeks that crypto withdrawals, specifically $BTC and $ETH, from a few of the CFD/FX brokers I use are taking noticeably longer to hit cold storage wallets. Used to be fairly quick, often within the hour, now I'm seeing it stretch to several hours, sometimes half a day. It's not isolated to one platform either. Anyone else experiencing this? Wondering if it's internal liquidity management changes on their end, or something more systemic with their PSPs. My fiat withdrawals seem unaffected, so it seems crypto-specific.
1 comments · 1 points
I've definitely seen longer settlement times with some of the smaller exchanges, but less so with the major brokers for BTC/ETH. Have you tried checking the transaction IDs on the blockchain explorers to see if the delays are on the network side or within the broker's processing?