Binance.US Enables Direct Deposits and Withdrawals on Abstract Network

Binance.US has officially integrated Abstract Chain, a consumer-focused Ethereum Layer 2 developed by Igloo Inc., allowing faster ETH deposits and withdrawals without bridging for U.S. users.

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176d ago

Summary

Binance.US announced in an official statement that it now supports Abstract Chain, enabling U.S. users to deposit and withdraw ETH directly on the Layer 2 network without using cross-chain bridges. Abstract Chain, launched in January 2025 by Igloo Inc., leverages zk-rollups and EigenDA for scalability and includes features like account abstraction and social login. The network is backed by $11 million in funding from investors including Peter Thiel’s Founders Fund. The integration enhances access to Abstract’s ecosystem of dApps, NFTs, and gaming platforms, while Binance.US continues expanding Ethereum Layer 2 support after previously adding Base.

Terms & Concepts

Layer 2: A secondary blockchain built on top of a main blockchain like Ethereum to improve scalability, speed, and cost-efficiency.
zk-rollups: A Layer 2 scaling solution that bundles many transactions into one and uses zero-knowledge proofs to verify them efficiently on Ethereum.
Account Abstraction: An Ethereum feature that simplifies user interaction by allowing flexible account management, such as using social logins instead of traditional private keys.