Binance Suspends BEP2 Token Deposits Ahead of BNB Beacon Chain Discontinuation

IconCrypto News Terminal24 Apr, 2024

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Binance Suspends BEP2 Token Deposits Ahead of BNB Beacon Chain Discontinuation

Binance has announced that it will be suspending BEP2 token deposits on May 15, 2023 at 09:00 AM (KST). This suspension will affect all BEP2 tokens except for Binance-pegged tokens (BTokens). The move comes ahead of Binance's plans to discontinue support for the BNB Beacon Chain (BEP2) in June 2023. Binance has advised users to withdraw their BEP2 tokens to other supported networks before the suspension takes effect. Previously on [date], [one liner summary of previous news].