Binance Announced The End Of Support For OMNI

Cryptocurrency exchange Binance has announced that it will terminate transactions through the OMNI network in order to provide a better experience for users.

Binance announced that it will end support for OMNI. Cryptocurrency exchange Binance has announced that it will terminate deposits and withdrawals through the OMNI network in order to provide a better experience for users. In the statement made, it was reported that OMNI transactions will be removed at 3 am on April 30, 2021. The OMNI network was used for Tether (USDT) deposits and withdrawals. While users deposit and withdraw USDT on Binance, which is seen as the world's largest exchange, there was also an OMNI network, along with Ethereum, Tron, Binance Smart Chain and Binance Chain network options. This option will no longer be available and ETH will be traded with Tron and other networks. On the other hand, Binance will also complete Turkish Lira deposits and withdrawals through Papara and Ininal companies as of April 29, 2021 at 2 pm, upon the regulations of the Central Bank of the Republic of Turkey (TCMB). According to data from CoinMarketCap, Binance's transaction volume in the last 24 hours has been slightly over $ 100 billion.