Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Binance ends BEP2 deposit and withdrawal support
ADOPTION NEWS

Binance ends BEP2 deposit and withdrawal support

By Crypto FlexsOctober 29, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance ends BEP2 deposit and withdrawal support
Share
Facebook Twitter LinkedIn Pinterest Email

Yorg Healer
October 29, 2024 10:10

Binance announced the discontinuation of support for all BEP2 token deposits and withdrawals due to the closure of the BNB Beacon Chain. Users must take action before the deadline.





Leading cryptocurrency exchange Binance will discontinue support for deposits and withdrawals of the BNB Beacon Chain (BEP2) in the coming weeks. This decision is consistent with the BNB Chain team’s plan to complete the shutdown of the BNB Beacon Chain by November 19, 2024, as reported by Binance.

Key Deadlines for BEP2 Token Holders

According to the announcement, Binance will stop processing withdrawal requests for all BEP2 tokens starting November 1, 2024, at 00:00 UTC. Additionally, the exchange will stop accepting deposit requests for all BEP2 tokens except Binance pegged tokens (B-tokens) until 00:00 UTC on November 8, 2024.

Users are encouraged to deposit BEP2 B-tokens into their Binance accounts before the network shuts down on November 19, 2024 at 06:00 UTC. Once accumulated, these tokens can be withdrawn via the native network or other networks supported by Binance.

Impact on Binance Users

This move marks a significant change for Binance users who have been relying on the BEP2 network for trading. The shutdown of the BNB Beacon Chain is part of a broader strategy to streamline operations and focus on more sustainable blockchain technology.

Binance emphasizes that it is important to refer to the original English version of the announcement to obtain the most accurate information, especially considering potential inconsistencies in translated versions.

wider context

The decision to phase out support for the BEP2 network comes amid a broader trend in the cryptocurrency industry where exchanges are consolidating their resources to focus on more scalable and efficient blockchain solutions. This strategic move may also reflect Binance’s ongoing efforts to improve security and efficiency across its platform.

As the cryptocurrency landscape continues to evolve, exchanges like Binance are adapting to new technological and regulatory environments. Deprecation of BEP2 support is likely part of this adaptation strategy, which will allow Binance to allocate resources to more promising blockchain innovations.

Overall, users are advised to stay informed and take necessary action before the specified deadline to ensure a smooth transition and avoid any potential disruption to trading activities.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

NVIDIA Releases CUDA-Q v0.8, Powering Quantum Programming

August 13, 2024

Altcoin Season is here, but not as expected.

February 21, 2025

The SEC accuses Ramil Palafox that it has operated a $ 1.98 billion encryption fraud.

April 24, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.