Crypto exchange Bitstamp, recognized as one of the 10 exchanges with “real” trading volumes by Bitwise, has added full support for SegWit (bech32) bitcoin addresses.

move will allow Bitstamp’s users to generate new bitcoin deposit addresses in bech32 format, as well as to withdraw bitcoin in such addresses.” data-reactid=”19″>The move will allow Bitstamp’s users to generate new bitcoin deposit addresses in bech32 format, as well as to withdraw bitcoin in such addresses.

SegWit technology is an optional protocol upgrade to blockchain networks, which help accommodate more transactions in one block (1MB size) and thereby help reduce fees per transaction.” data-reactid=”20″>Segregated Witness or SegWit technology is an optional protocol upgrade to blockchain networks, which help accommodate more transactions in one block (1MB size) and thereby help reduce fees per transaction.

“We encourage all our customers to switch to bech32, as it provides an efficiency boost to Bitcoin transactions,” said Bitstamp.  

supported SegWit in 2017. At the time, it said: “All newly generated bitcoin addresses at Bitstamp have been Segwit compatible.”” data-reactid=”23″>The exchange initially supported SegWit in 2017. At the time, it said: “All newly generated bitcoin addresses at Bitstamp have been Segwit compatible.”

currently support SegWit, including Bitfinex and Coinbase. Last year, Binance CEO Changpeng “CZ” Zhao also indicated that the exchange could add SegWit support by the end of Q1 2020.” data-reactid=”24″>Several exchanges currently support SegWit, including Bitfinex and Coinbase. Last year, Binance CEO Changpeng “CZ” Zhao also indicated that the exchange could add SegWit support by the end of Q1 2020.