Mt. Gox Resumes USD Withdrawals, Announces Improved Banking

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Mt. Gox, world’s largest Bitcoin exchange just announced resumption of USD withdrawals and improved banking. Last to last Thusrday Mt. Gox announced a two week temporary suspension on USD withdrawals due to unusually high volumes of deposits and withdrawals. According to exchange, ” We are currently experiencing  high volumes of deposits and withdrawals which made it difficult for our bank to process the transactions smoothly and within a timely manner and caused delays for customers.”

Mt. Gox

Today company also announced an improved banking integration with exchange. As per statement, “Mt. Gox has now formed relationships with several new banking partners both in Japan and around the world, and we are still in the process of finalizing even more. This means that we will have increased stability and ability to transmit withdrawals going forward.”

The company was founded in 2010 and accounts over 70% of daily bitcoin transactions. Company is registered as a legal business in Japan under the name Tibanne Ltd.

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