While Binance, the world's largest cryptocurrency exchange, is among the latest victims of the SEC, it continues to make new moves.
Offering a solution for network congestion in the Bitcoin network in the past weeks, Binance announced the launch of the BTC Transaction Accelerator.
“Binance Pool is pleased to announce the launch of the BTC Transaction Accelerator, which will allow users to confirm their transactions on the Bitcoin network more quickly, regardless of possible network congestion issues.”
Bankruptcies in 2022 and the SEC's pressure on cryptocurrencies have reduced confidence in exchanges.
However, Binance, which has increased the confidence of investors in the sector by making its reserves transparent in this regard, is now involved with a new system that will allow them to withdraw their money faster.
These moves of Binance, which is the leader of the sector, are an indication that it is determined not to lose its market share to anyone.
#Binance Pool launches the #BTC Transaction Accelerator!
Through this new feature, you can speed up any on-chain transaction on the #Bitcoin network, regardless of any potential network congestion issues 🤝
Find out more ➡️ https://t.co/yguZakRCyw pic.twitter.com/HyJT54Nzsr
— Binance (@binance) June 15, 2023
*Not investment advice.
