Binance Announces Key Changes in Wallet Infrastructure for 37 Altcoins

Binance, the world’s largest cryptocurrency exchange, made a crucial announcement concerning its wallet infrastructure for 37 altcoins, primarily Bitcoin (BTC), Bitcoin Cash (BCH), XRP (XRP), Solana (SOL), Monero (XMR), and Litecoin (LTC). Current Deposit Addresses and Memos to be Removed In an important statement, Binance reported it is upgrading its wallet infrastructure to ensure better efficiency and fund security for its users. The announcement clarified that deposit addresses and memos (where applicable) for certain cryptocurrencies will be systematically phased out according to networks. According to the notice, during the third quarter of 2023 (July – September), the deposit addresses and memos (where available) used by customers for BTC, SEGWITBTC, BCH, XRP, SOL, XMR, LTC, ADA, DOGE, DOT, FIL, ALGO, NEAR, WAVES, AVAX, HBAR, RUNE, EGLD, FLOW, ICP, EOS, KAVA, DASH, ELF, IOST, IOTA, STX, WAX, CKB, ICX, ASTR, SCRT, INJ, BAND, STEEM, XEM, HIVE, FET, and BTS will be removed. […] The post Binance Announces Key Changes in Wallet Infrastructure for 37 Altcoins appeared first on COINTURK NEWS.