Binance announces support for USDC deposit and withdrawal via Arbitrum
Binance crypto exchange has announced support for direct deposit and withdrawal of the USDC stablecoin via the Arbitrum network. Arbitrum USDC deposits and withdrawals Following the integration of USD Coin (USDC) on the Arbitrum One network, on June 16, Binance, the world’s largest bitcoin (BTC) trading venue, has added support for direct USDC deposits and withdrawals via the Arbitrum network. However, it is important to note that Binance users can only initiate withdrawals for USD Coin (USDC) on the Arbitrum One network once there are sufficient deposits. Binance will not notify users separately regarding the opening of withdrawals. Binance urges users to select the right chain when deposit ing/withdrawing USDC to avoid inconveniences. You might also like: Arbitrum rallies to become top trending coin on CoinMarketCap Arbitrum functions as a secondary layer on the Ethereum blockchain. It aims to address the challenges of slow transaction speeds, limit...