Coins.ph, a leading Philippines-based cryptocurrency exchange, has temporarily halted XRP withdrawals due to technical issues. The exchange assured its customers that their XRP holdings are safe and they can still buy, sell, and trade the cryptocurrency on its platform.

Coins.ph is working to resolve the issue as soon as possible and has advised its users to monitor its official channels for updates on the situation.

The XRP community in the Philippines has expressed disappointment at the news of the withdrawal halt, but many are optimistic that the issue will be resolved soon. XRP is the seventh-largest cryptocurrency by market capitalization, with a market cap of over $80 billion.