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Binance, the largest cryptocurrency exchange by trading volume, has launched a new feature, garnering support from community members.
Users can designate emergency contacts and heirs for their cryptocurrencies, marking a major leap forward in addressing one of the industry's most uncomfortable but critical issues—digital asset inheritance.
Binance Launches Crypto Inheritance Feature, CZ Urges Industry-Wide Adoption
The update, released in a platform upgrade on June 12, allows users to set up an inheritance application process. Designated beneficiaries can claim assets after...
Binance founder and former CEO Changpeng Zhao (CZ) publicly supported the move, urging the rest of the industry to follow suit. “Every platform should have a ‘will function’ — even when someone is no longer around, their assets can be distributed to designated accounts according to the specified ratios,” CZ posted on X.
For years, the cryptocurrency sector lacked a unified mechanism for handling inheritance, leaving billions of dollars in limbo. #NewsAboutCrypto
