BitMEX Reissues Bitcoin Deposit Addresses to Reduce Withdrawal Fees

BitMEX has made a strategic decision to enhance the utilization of Bitcoin block space and minimize withdrawal fees for its users.BitMEX has recently unveiled a significant update aimed at optimizing the use of Bitcoin block space and reducing withdrawal fees for its users. According to an October 30, BitMEX will reissue all customer Bitcoin deposit addresses, transitioning to the more efficient pay-to-witness publish key hash Bech32 format addresses.

Notably, this updated signature scheme is already employed for BitMEX’s hot withdrawal processing, ensuring the transition does not compromise the platform’s high-level wallet security.

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