I sent a very small amount of Ethereum to Binance to pay some stuff and to my surprise the deposit needs over 10 confirmations and after selling it again it needs dozens of confirmations!
Do they not trust Ethereum?
I went to read more about it and that just seems to be the case.
The most recent article from Binance (that I could find) says literally dozens of confirmations are needed:
Binance will be increasing the minimum unlock count of deposits into Ethereum (ETH) network from the current 12 blocks to 64 blocks.
I do like Ethereum and I like that they transitioned from PoW to PoS, but I haven't been following the news, why did the upgrade reduce the trust? I remember that only a few confirmations were needed.
Luckily Hive is my main blockchain and crypto, and here we do have 1 block finality, but still I am disappointed that after such a long time other blockchains are not improving in terms of transaction speed.