Binance Announces Support for Ethereum's L2 Network Optimism: ETH Deposits Now Open!

The largest crypto exchange by trading volume, Binance, has revealed that its system will now support ETH deposits via Optimism! Binance has completed the Optimism Network integration and opened deposits for ETH on Optimism Layer 2. Please find your assigned ETH deposit addresses on Binance now to take advantage of faster, cheaper Ethereum transactions.

On Jan. 10, 2025, at 2:00 (UTC8), Binance announced its support for the Optimism network upgrade and hard fork. The upgrade, which includes a hard fork event, aims to improve the Optimism network’s scalability, performance, and overall user experience. This means faster transaction speeds and lower gas fees for users interacting with Ethereum.

To facilitate the upgrade, Binance will temporarily suspend deposits and withdrawals on the Optimism network. Per the announcement, the platform will temporarily suspend deposits and withdrawals on the Optimism network. The move is one way that Binance intends to prepare and ensure a smooth transition for its users. Check the Binance website for the exact timeframe of the temporary suspension.

Start depositing ETH via Optimism on Binance today and experience the benefits of Ethereum Layer 2 scaling!