Binance will allow customers to add up to 20 deposit addresses on each network
At the initial stage, users can only generate addresses for ERC-20 standard tokens
17.07.2023 - 11:45
1005
2 min
0
What’s new? Crypto exchange Binance has launched a new feature that allows users to get multiple deposit addresses for the same network. A deposit address book feature has been rolled out for easy management. Initially, users can only generate multiple deposit addresses for ERC-20 standard tokens on the Ethereum network and alternative blockchains such as Arbitrum One and BNB Smart Chain. Support for other blockchains will be added at a later date.
Information on the Binance website
What else is known? Users can get up to 20 deposit addresses for each network. The Binance team will review this periodically and decide if the number of deposit addresses needs to be increased or decreased.
Binance CEO announces preparations for the growth of trading volumes
This is due to the upcoming bitcoin halving and the growing institutional interest in the asset
In June, Binance imposed the automatic conversion of tokens removed from the platform. Under the new rules, after a certain amount of time, the exchange reserves the right to exchange these tokens for other digital assets at its discretion.
On July 17, Binance integrated the Lightning Network payment protocol for BTC withdrawal and deposit.
Useful material?
Market
Due to supply shortages, the asset’s pre-market exchange rate was climbing above $1000
Dec 16, 2024
Incidents
Reports about the hacking of the exchange with calls to withdraw assets began to spread on December 13
Dec 13, 2024
Crypto regulations
Stablecoins from issuer Circle will not be affected by the changes
Dec 12, 2024
Crypto regulations
The platform will launch after meeting the preconditions of the local exchange authority
Dec 9, 2024
Market
The $1,1 billion figure was reached after the bitcoin correction
Dec 6, 2024
Crypto regulations
By early January, all open positions and loans of local users will be closed and repaid automatically
Dec 5, 2024