Binance Launches Crypto Inheritance Feature with Emergency Contacts

Binance has rolled out a crypto inheritance feature as of June 12, enabling users to designate emergency contacts and heirs for seamless digital asset succession. The service supports Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB), allowing beneficiaries to claim assets by submitting verification documents such as a death certificate, bypassing lengthy legal procedures. CEO Changpeng Zhao (CZ) announced the launch on X and called on all exchanges to adopt similar inheritance tools. He cited an estimated $1 billion in unclaimed crypto assets annually due to poor estate planning and proposed regulatory updates to permit restricted minor accounts under trust-like conditions. Early market feedback has been positive, and Binance plans ongoing refinements based on community input.