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
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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.
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