The cryptocurrency exchange #Binance has announced that it will terminate deposits and withdrawals through the #OMNI network to provide users with a better experience.
According to the statement, OMNI transactions will be removed on April 30, 2021 at 03:00 CET.
The OMNI network was used for #Tether ( #USDT) deposits and withdrawals. When users deposit and withdraw USDT on Binance, there were options for Ethereum, Tron, Binance Smart Chain and Binance Chain network, as well as the OMNI network. This option will no longer exist and transactions will be made with Ethereum, Tron and other networks.
On the other hand, Binance will also terminate Turkish Lira deposits and withdrawals through Papara and Ininal companies, as of April 29, 2021, at 14:00, following the CBRT's regulation.
According to data from CoinMarketCap, Binance's transaction volume in the last 24 hours is just over $ 100 billion.