What does pending txns mean?

BTCC, a leading cryptocurrency exchange, offers a range of services to cater to the diverse needs of its users. Among its offerings, BTCC provides a robust spot trading platform, allowing users to buy and sell cryptocurrencies at market prices.

A pending transaction in the realm of cryptocurrency refers to a recent transaction that has been authorized yet has not yet been fully processed and reflected in the user's wallet or exchange account. This status indicates that the transaction is in a limbo state, awaiting confirmation from the network.

In addition to spot trading, BTCC also offers futures trading, enabling traders to speculate on the future prices of cryptocurrencies. This feature adds another layer of flexibility and hedging opportunities for investors looking to capitalize on market movements.

There are several reasons behind a pending transaction, one of which lies with the merchant or the platform facilitating the exchange. In some cases, the delay might stem from the merchant's side, where there might be a backlog of transactions or a technical issue that's preventing the timely processing of the transaction.

Another factor contributing to pending transactions is the transaction type itself. Depending on the complexity and nature of the transaction, it might take longer to verify and confirm on the blockchain network. For instance, transactions involving smart contracts or cross-chain swaps can often take more time to complete.