Binance enables SegWit support for Bitcoin deposits as adoption grows
Traders on Binance can now deposit and withdraw to SegWit (bech32) addresses. Binance, one of the world’s largest cryptocurrency exchange by volume, has incorporated Segregated Witness, or SegWit, support for Bitcoin (BTC) deposits. The SegWit support was extended to deposits on Christmas Eve, Binance said in an official statement. The protocol upgrade was initially enabled only for withdrawals. Effective immediately, Binance users can transfer funds to a SegWit (bech32) address by selecting the BTC (SegWit) network. Binance explained:“Please note SegWit should help reduce fees; however,....
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