The recent announcement of wallet addresses going to expiration,
Has got me wondering, What effects, positive or negative will this have on Binance platform as well as the crypto investors and traders
On the platform, As for me I found it strange, that an address is expiring. What are your takes on this.
As a user, you must follow announcement from the exchange. Wallet expiration, address changes are only two of many changes on one exchange when it operates many years.
I don't see effect from this for careful people as it only changes your receiving address. Like when you create your account, receiving addresses won't be created instantly for your account. You must click on Create to get one receiving address so the same for change address. You don't lose your cryptocurrency in your account even you don't touch your new receiving address.
But it is different if you want to make deposits to your account by yourself or in a trade with other partners. You must get your receiving address, a new one, with this wallet upgrade from Binance.