coinpedia 2025-04-25 04:13:04

Binance U.S Adds Base Network Support – ETH and USDC Transfers Now Live

The post Binance U.S Adds Base Network Support – ETH and USDC Transfers Now Live appeared first on Coinpedia Fintech News Binance U.S has officially integrated the Base network , allowing users to deposit and withdraw Ethereum (ETH) and USDC directly through this rising Ethereum Layer 2 solution. This move is expected to enhance the user experience by offering faster and cheaper transactions, with support for more assets coming soon. BREAKING: https://t.co/AZwoBOgsqS now supports Base Transfer $ETH & $USDC via Base, with support for more assets to come! @Base is an Ethereum layer 2 that aims to bring the next billion users onchain by providing fast and low-cost transactions. Read:… pic.twitter.com/lrdZRy13mq — Binance.US (@BinanceUS) April 25, 2025 Why This Matters for Base Base, launched in 2023, is designed to make crypto more usable for everyday people. Unlike many other networks, it doesn’t have its own token. Instead, it uses ETH for gas fees, making the experience simpler for both developers and users. Built on the Ethereum mainnet, Base has quickly become a top player among Layer 2 solutions. It’s known for its low fees, high speed, and developer-friendly environment. The latest support from Binance U.S could help accelerate its adoption even further. Base Network’s Rapid Growth Despite overall market uncertainty, Base has been growing fast . According to IntoTheBlock data , Base’s share of active addresses among major Layer 2s has jumped from 63% in January to 82% today. It now handles over 1 million daily active addresses and more than 4 million daily transactions . Base’s Total Value Locked (TVL) has also reached $6.3 billion, showing strong user confidence and growing on-chain activity. These numbers highlight that the network is gaining serious traction. Community Sees Institutional Signal The news of Binance U.S supporting Base has sparked positive reactions from the crypto community. Influencers like Velvet Unicorn called it a clear sign of growing institutional interest in Layer 2 networks. He noted that ETH and USDC support is just the start, and the real opportunity lies in the ecosystem that’s being built around Base. As more DeFi projects launch and cross-chain bridges expand, Base could become a key player in the blockchain space. With Binance U.S now backing it, the network has gained an important boost in credibility and exposure. FAQ What is Base? Base is a scaling solution that runs on top of the Ethereum blockchain. It’s designed to handle more transactions at lower costs while still benefiting from Ethereum’s strong security. How does this integration benefit regular Binance U.S users? It allows users to send and receive ETH and USDC faster and at lower fees using the Base network. Can I transfer any crypto asset via Base, or is it limited to ETH and USDC for now? Currently, only ETH and USDC are supported via Base, but more assets may be added soon. Why is Binance U.S adding support for Base now—what’s the significance of this timing? Base has seen rapid user growth and on-chain activity, making now the right time to support it. Is this move limited to Binance U.S, or will global Binance also support Base soon? At the moment, this update applies only to Binance U.S; there’s no word yet on global support.