Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has made new announcements for various altcoins. The exchange is changing some deposit addresses for coins like MATIC, VET, WAN. On the other hand, it adds two new pairs for the Turkish Lira (TRY). Here are the details…
Binance MATIC creates a new deposit address for coins like TOMO, VET
cryptocoin.com As we have also reported, Binance, one of the world’s largest cryptocurrency exchanges, announced that it has made two important updates to its platform. The first announcement is about the wallet infrastructure of the exchange. Binance is upgrading its wallet infrastructure to provide better efficiency and funds security to its users. As part of this upgrade, the exchange will “retire” selected deposit addresses and notes into groups by network. Email notifications will be sent to affected users in batches and it is strongly recommended that all affected users receive a new address and note (if applicable) upon receipt of the notification.
AMB, ARBITRUM, AVAXC, BSC, CELO, CHZ, CTXC, ETC, FTM, GLMR, KLAY, MATIC, MOVR, OPTIMISM, REI, among the network addresses planned to migrate in the second quarter (April – June 2023), using the same deposit address as ETH, There are various networks such as RON, RSK, THETA, TOMO, VET, WAN, WTC and XDAI. No notes are required for these networks. TRX does not require a pass, while LUNA and BNB require a note, and XLM requires both a deposit address and a note.
It is important to note that users are only required to receive a new deposit address and memo when they receive an official notification from Binance. Old deposit addresses will expire in the notification, and old deposit addresses will expire when a new address is received. Funds deposited to expired addresses are safe and can be credited manually via the “Transaction History” page.
There are new listings with TRY pair
The second announcement made by Binance is that the trading pairs Alchemy Pay (ACH) / Turkish Lira (TRY) and Venus (XVS) / Turkish Lira (TRY) will be opened on April 19, 2023, at 11 pm. TRY is a fiat currency and does not represent any other cryptocurrency. Overall, Binance is constantly working to improve the user experience by providing better efficiency and funds security through the wallet infrastructure upgrade. In addition, the opening of new trading pairs allows users to further diversify their portfolios on the exchange.
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