Binance Reduces Confirmations for Bitcoin and Ethereum Deposits
Cryptocurrency exchange Binance this Tuesday announced a decrease in the number of confirmations required to transfer funds to user accounts in the networks of the two leading cryptocurrencies.
Deposits in bitcoin will now require one confirmation instead of two, and for Ethereum and ERC20 tokens, 12 confirmations were set instead of 30.
Thus, Binance users now have to spend less time waiting for their deposits to be credited to the exchange..
“Faster”, – commented on today’s announcement in one word, Binance CEO Changpeng Zhao.
Last week, it became known about Binance’s plan to launch Bitcoin futures contracts with leverage up to x20.
Also recently, analysts at Binance Research presented a report on the correlation of cryptocurrency prices in the first half of 2019, where they noted an increase in the deviation of bitcoin from other assets in this market..
UPD: Binance also announced today that it will retain the 25% discount for users using BNB tokens when paying commissions for making transactions on the platform for at least one more year. In accordance with the conditions described in the white paper, it was assumed that in the third year of the platform’s existence, the discount amount would be reduced to 12.5%.
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