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»BLOCKCHAIN NEWS»Binance to phase out BNB Beacon Chain (BEP2) deposits
BLOCKCHAIN NEWS

Binance to phase out BNB Beacon Chain (BEP2) deposits

By Crypto FlexsApril 24, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance to phase out BNB Beacon Chain (BEP2) deposits
Share
Facebook Twitter LinkedIn Pinterest Email





In a recent announcement, Binance stated that it strongly encourages users to deposit BEP2 B-tokens into their Binance accounts before the BEP2 network is completely shut down in June 2024. By doing so, users can withdraw B-Tokens via: Native network or any other network supported by Binance.

BEP2 is the token standard for Binance Chain, a blockchain developed by Binance. This allows users to create and issue their own tokens. However, as the BNB Chain team prepares for the shutdown of the BEP2 network, Binance will be phasing out deposit support for the BNB Beacon Chain.

The decision to stop processing deposit requests for BEP2 tokens (excluding B tokens) is part of Binance’s efforts to streamline operations and focus on the development and support of other token standards such as BEP20. The BEP20 token is compatible with the Ethereum Virtual Machine (EVM) and has gained popularity within the decentralized finance (DeFi) ecosystem.

Deposits for all BEP2 tokens are supported until May 15, 2024, but users are advised to stay updated with official announcements from Binance for any changes or additional details. Binance will continue to provide updates and support to ensure a smooth transition for users during the phase-out period.

It is important for users to note that the shutdown of the BEP2 network will not affect trading or withdrawals of already deposited BEP2 tokens. Only deposits are being phased out. Binance is committed to providing a secure and efficient platform for cryptocurrency trading and will continue to seek innovative solutions to meet the evolving needs of our users.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 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

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025
Most Popular

Cryptocurrency Market Weekly Winners and Losers – BGB, XRP, AI16Z, VIRTUAL

January 12, 2025

New York Community Bancorp is struggling with a 40% drop in its stock price following a disappointing earnings report.

January 31, 2024

Bitcoin Miners Battle Network Hardships and Texas Heat in August Production Update

September 7, 2024
  • 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.