Binance US Officially Affirms BEP-20 Compatibility for Over 25 Tokens

Users in the United States will be relieved to get an official confirmation for the highly awaited usage of BEP-20 tokens on the platform.

By
Anirudh Tiwari
on
November 30, 2021
Category:
Blockchain News

Majority of Large Cap Tokens Included

The U.S. arm of the largest cryptocurrency exchange in the world, Binance, will now support BEP-20 deposits and withdrawals for over 25 Binance Smart Chain tokens.

This official announcement was revealed by a Twitter post by the official handle of the exchange. This development has been received positively by several users claiming that “This will make life so much easier now.”

“Please note that BEP20/BSC Binance Smart Chain is different from BEP2 Binance Chain, and they have different deposit/withdrawal addresses. Make sure to select your intended network carefully,” warned the official announcement release on Binance.US’s support section.

BEP- 20 tokens supported by Binance US 
ADA, ATOM, BAND, BAT, BCH, BNB, BTC, BUSD, COMP, DAI, DOGE, EGLD, EOS, ETC, ETH, IOTA, LINK, LTC, MATIC, MKR, ONT, UNI, USDC,

USDT, XTZ, ZEC.

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Source

As previously reported by BSC News, although there was no official announcement made, some users were able to use BUSD and BEP-20 tokens on the Binance Smart Chain since back in October this year. However, this development becoming official will now drive more users to utilize this feature to bridge their assets and increase the adoption of the Binance Smart Chain network.


What is Binance US?

Binance.US is the United States arm of the Binance global cryptocurrency exchange. The U.S.-based firm was launched over two years ago on Sep. 24, 2020. Despite operating only in the U.S., the exchanges rank as one of the top 10 exchanges in the world with a normalized 24-hour volume of $757.53 million, as per data from CoinGecko.

Find more about Binance US here:

Website | Twitter | Youtube | Instagram | Facebook | Telegram | Blog | LinkedIn |

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums. His largest holdings in crypto are Ethereum, Cardano, and Polkadot.

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