Binance has announced that is taking steps to make deposits and withdrawals much faster and it is for both Bitcoin & Ethereum networks. In a recent post, Binance shared the details about the changes it is going to make, noting bitcoin deposits will now have one less block confirmation to worry about instead of two. However, bitcoin withdrawals will still have two block confirmations going for them. For ERC20 network coins will have only 12 block confirmation requirements and it goes for both deposits and withdrawals, which is down from the 30 that it used to have. This will result in significant transaction speeds that traders can expect.