BitMEX Adds SegWit Support for Bitcoins Withdrawal
Main page News, Exchange, Crypto Market, Cryptocurrency Exchanges, Cryptocurrency
Hot topic
Dec. 12, 2019
382 382

The BitMEX exchange has added support for Bech32 addresses native to SegWit technology, which users can specify when withdrawing their assets.

The update is already available on the platform.

"BitMEX is delighted to announce that customers can now withdraw bitcoin to the Bech32 (native SegWit) address format. This upgrade is effective immediately," states the official announcement.

BitMEX notes that today's update is part of a plan to optimize the infrastructure of bitcoin wallets and technology to reduce its used space in blocks and the amount of commissions for customers.

BitMEX Research: SegWit Outperforms Bitcoin Cash

In the future, BitMEX expects to activate SegWit support on its internal wallets by updating the existing multi-signature solution.

Earlier iHodl reported that BitMEX leaked thousands of user private data. Some clients of the exchange received letters containing the email addresses of other users.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error