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Binance Completes BNB Mainnet Swap

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Cryptocurrency exchange Binance has accomplished its Binance Coin mainnet swap and launched deposit and withdrawal transactions for native BNB.

Binance noted on its website that users’ BNB deposit addresses will be modified.

The exchange will also still process deposits of ERC20 BNB tokens to users’ ETH deposit address, as well as convert the original tokens to Binance Chain mainnet BNB tokens.

Lastly, Binance users are now allowed to withdraw BNB through the Binance Chain Web Wallet.

The Binance Chain mainnet is designed to perform several functions: send and receive BNB; issue new tokens; send, receive, burn/mint and freeze/unfreeze tokens; propose to create trading pairs between two different tokens; and send orders to buy or sell assets through trading pairs created on the chain.