Binance Shifts Funding Account Deposits and Convert Settlements to Spot

Starting September 29, Binance will no longer accept direct on-chain crypto deposits into Funding Accounts, requiring users to use Spot accounts instead. Binance Pay receipts and Convert order settlements are also transitioning to the Spot account. While existing balances will be migrated over time, Binance advises API users to update their account references and recommends that users adjust their Convert plan settings to Spot.