.Binance will retire $XRP, $DOGE, $AVAX deposit addresses this Q3, here's why
to the update shared today, the affected tokens include Binance , XRP, Dogecoin , Avalanche , Internet Computer , Solana and Monero , among others.
According to Binance, the retirement of the impacted deposit addresses is slated to occur this third quarter from July to September. The timespan is intended to make room for the deposit addresses to be migrated in batches in order to provide the maximum experience possible for all users. As one of the largest crypto trading venues per number of users, Binance’s proposed deposit address upgrade is scheduled to guard against any form of security risk on the platform. The exchange noted that the migration is for a selected number of users, and these impacted users will be notified via email on steps to take to migrate their address.
For XRP and other impacted crypto holders on Binance, the exchange confirmed that fund deposits into old addresses will not be lost but may require extra steps to manually complete the deposits.
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