Binance announced the completion of the BNB token swap and opened the withdrawal of cryptocurrency Cryptocurrency exchange Binance this morning announced the successful completion of the exchange of its own digital asset Binance Coin (BNB), issued using the Ethereum blockchain, for its version on the Binance Chain.

Binance reports completion of BNB token swap and opens cryptocurrency withdrawal

Cryptocurrency exchange Binance this morning announced the successful completion of the exchange of its own digital asset Binance Coin (BNB), issued using the Ethereum blockchain, for its version on the Binance Chain..

The exchange notes that after the completion of the token swap, user addresses for BNB deposits have been updated.

The original ERC20-BNB can still be deposited on the exchange using the wallet address on the Ethereum blockchain. The exchange automatically converts the tokens credited in this way into an asset of its blockchain.

In addition, BEP2-BNB withdrawals to the official Binance Chain web wallet are already available for users..

Binance CEO Changpeng Zhao confirmed on Twitter that his company followed through on an earlier promise and destroyed 5 million ERC20-BNB, in return for which it credited an equivalent amount of new tokens.

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