Binance has come out with an announcement saying that it has lowered the needed confirmations for processing Bitcoin and Ethereum transactions on its platform and will facilitate much faster trades. The confirmations have also lowered for both cryptos. For ETH and any ERC20 based token will have to wait for 12 confirmation for both deposits and withdrawals, while BTC deposits will require only 1 confirmation and withdrawals will require two. This significantly increases the speed at which traders can syphon funds in and out of the exchange as well as make trades during high volatility cases. Despite Binance’s promise to
