Binance Completes ApeCoin Contract Swap on BNB Smart Chain

Binance has executed the completion of the ApeCoin (APE) contract swap on the BNB Smart Chain (BEP20) network as of November 3, 2025.

The event underscores the continued focus on enhancing token security and functionality without affecting trading activities.

Binance has announced the successful transition of all ApeCoin balances to a new contract under a 1:1 swap ratio on the BNB Smart Chain. Old tokens, identified as APEOLD, are no longer viable for withdrawals (Old APEOLD tokens no longer supported for withdrawal on Binance). The swap was executed to ensure improved security, functionality, and scalability for ApeCoin on Binance. The company stated that all technical requirements were handled automatically, maintaining a smooth user experience.

The immediate effects include the reopening of deposit and withdrawal services for new APE tokens. Spot, margin, and futures trading, along with Binance Earn services, continued unaffected during this transition. There was no impact on other major cryptocurrencies, such as ETH or BTC, highlighting a targeted effort focused solely on ApeCoin’s technical enhancements. No shifts in funding or significant DeFi protocol implications were observed. The swap, described by Binance, aimed to bolster the security and operational robustness of APE tokens on the BNB chain.

The financial implications are limited, given that the swap is purely technical. This procedure followed industry norms for token migrations and upgrades on centralized exchanges. There is no mention of increased regulatory attention or funding allocation related to the swap. As similar events in the past have shown, such upgrades play a crucial part in maintaining crypto ecosystems’ adaptability and security.

Crypto exchanges routinely conduct contract migrations like this to adopt improved technological frameworks. Binance’s move is aligned with common practices, providing a seamless experience for its users while enhancing blockchain security assurances. The action reflects a standard procedural move rather than an expansionary effort, indicating a mature market approach towards regular technological enhancements in the crypto industry.