- Binance’s crypto inheritance feature allows users to designate heirs for digital assets.
- CZ urges all crypto platforms to adopt will functions for seamless asset transfer.
- The feature supports Bitcoin, Ethereum, and Binance Coin with secure blockchain transfers.
Binance has also rolled out a crypto inheritance service to tackle the issue of transferring digital assets following the demise of a user. This update, which was implemented on June 12, 2025, enables users to assign heirs capable of claiming their cryptocurrencies. The founder of Binance, Changpeng Zhao, revealed the feature on X and explained that it is an essential addition to the crypto industry.
How the Inheritance Feature Works
The new system allows Binance users to identify emergency contacts that can perform an inheritance claim in the case of the death of the account holder. Assuming verification, which usually involves a death certificate, the specified beneficiaries are able to access the digital assets of the user. This functionality includes such prominent cryptocurrencies as Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB).
This system is created to avoid the inaccessibility of the assets through the loss of a personal key, which is a frequent phenomenon in the cryptoverse. The Binance solution uses blockchain technology to make the transfer secure and transparent so that heirs can claim the money without going through long legal procedures.
On X, Zhao wrote that any platform should have a feature to transfer assets to predefined accounts in proportions after a person is no longer available. Planning digital asset succession is an issue whose urgency is highlighted in his post, and that is a topic that users and platforms do not talk much about.
Industry-Wide Push for Adoption
Zhao notes that all crypto exchanges should implement such inheritance tools because they would be paramount to the trust and the security of users. He also made suggestions on the change of regulations to enable the minors to maintain accounts to receive their inherited funds, but with limited trading capability to match the traditional finance trust funds.
The feature tackles a big challenge: an estimated $1 billion worth of crypto assets is unclaimed every year because of poor succession planning, as industry experts note. The initiative by Binance is a precedent, as it will compel other competitors to adopt similar solutions.
The feedback among the community has been mostly positive, and users have showered praise on the foresight of the feature. Others, though, propose to extend it to such intangibles as tokenized wealth or social media influence. Binance has not responded to these proposals but is still in the process of improving its platform in terms of user feedback. The crypto inheritance tool is representative of the overall Binance mission to make the platform more secure and accessible to users.
