Ethereum’s High Fees have Become an Issue for Applications and Exchanges


Staff member
Dec 27, 2017
Austin, TX
Earlier this week, Bittrex, the fourth largest cryptocurrency exchange in the global market with a $2.7 billion daily trading volume, suspended the creation of Ethereum deposit addresses due to increasing fees and network congestion.

“Due to incredibly high gas prices, we’re preventing new ETH and asset deposit addresses from being created. Existing deposit addresses will work as normal,” Bittrex wrote.

According to Etherscan, the Ethereum network is currently processing more than 1.3 million transactions on a daily basis. It has a daily transaction volume that is larger that of all cryptocurrencies in the global market combined, including bitcoin.

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