Binance has announced that it will retire the BNB Beacon Chain (BEP2) by mid-next month and cease supporting deposits for all BEP2 tokens this week.
The exchange has also started migrating assets from the Beacon Chain to its BNB Smart Chain and will continue with the process for the next month.
Binance is sunsetting the BNB Beacon Chain (BEP2), nearly four years since it first launched, the exchange announced this week.
As Crypto News Flash reported, the BNB Chain team has been working for months on phasing out BEP2. In early January, it introduced BEP333: BNB Chain Fusion, a proposal to eliminate the Beacon Chain gradually. The initial target date was April this year, but the team extended the deadline.
Binance announced Wednesday that the deadline is now set for June.
Starting today, #Binance will start migrating assets from BNB Beacon Chain (BNB) to BNB Smart Chain (BSC).
The migration will continue over the next few weeks, with completion aimed at June 2024.
More details here https

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