Binance has officially rolled out support for the **0x address format** for **IoTeX (IOTX)** deposits and withdrawals on its **web platform and mobile app.** 🎉

This update marks an important step in the IoTeX chain's ongoing effort to **simplify interoperability** and **align with the standard Ethereum-style “0x” format**.

After carefully evaluating tradeoffs, the IoTeX team proposed deprecating the legacy **“io1”** format through [IIP-40: Deprecate io1 Address Format](https://github.com/iotexproject/iips/blob/master/iip-40.md?ref=iotex.io) in late 2024. Following open community discussion, the proposal was approved, paving the way for consistent address handling across exchanges and ecosystems.

Binance’s implementation represents a **major milestone toward global standardization**, improving cross-chain compatibility and user experience for IOTX holders worldwide.

As part of this change, Binance users will now see the **0x version of their existing deposit addresses**.

**No action is required, as** deposits sent to the older “io1” version of the same address will **continue to work seamlessly**.

### **💸 Withdrawals**

When withdrawing IOTX, users can now enter **either** address format:

- **0x…** (new format)
- **io1…** (legacy format)

Both address formats ( **io1** and **0x)** remain fully supported during the transition, ensuring uninterrupted use for all users and exchanges.

To make conversion simple, the IoTeX team has released an **Address Converter Tool** on the [**IoTeX Hub**](https://hub.iotex.io/tools/address-converter?ref=iotex.io) **,** allowing anyone to instantly switch between **io1** and **0x** formats.

This milestone marks a major step forward for the IoTeX chain. With Binance now supporting the **0x format**, the largest exchange in the world sets the precedent for others to follow, accelerating the transition toward a unified ecosystem for the Real-World AI economy.

Beyond simplifying user experience and integrations, this upgrade strengthens the IoTeX L1's foundation for the **AI-powered, real-world economy**, where data, devices, and digital assets interact seamlessly across chains.

## About IoTeX

IoTeX is the blockchain platform for Real-World AI. Since 2017, its foundational infrastructure has delivered verified, real-time data from the real world to AI systems and decentralized applications. Powering 100+ projects and 40M devices across mobility, robotics, energy, health, and more, IoTeX enables developers to build next-gen AI models and applications that deliver real-world impact. The IoTeX tech stack provides the data, identity, and verification layers to fulfill the surging demand for real-world data in the new AI era. Trusted by partners like Google, Samsung, IEEE, ARM, and Nordic Semiconductor, IoTeX is uniquely positioned to capture the multi-trillion-dollar AI and data economy.