How BitMEX has Enabled Native Transaction Reducing Transaction fees

Cryptocurrency exchange BitMEX has improved native segregated witness (SegWit) addresses for Bitcoin (BTC) withdrawals, which allows customers to pay lower transaction fees. Currently, BitMEX has allowed its customers to withdraw bitcoin to Bech32 address, which supports a separate witness standard; this was announced on 12 December 2019.    The announcement assured it, customers, that the Bitcoin network has been developed to support a three-address format only.  The first format that Bitcoin supports is the original address format for Bitcoin: this format is payable to public Key hash (P2PKH). The second…

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