Binance co-founder Changpeng Zhao has urged crypto platforms through an X post.
“This is a topic people avoid, but the fact is, humans cannot live forever yet. Every platform should have a ‘will function’—so that when someone is no longer around, their assets can be distributed to designated accounts according to specified proportions. Regulatory frameworks should also allow minors to have accounts (they can be restricted from trading, but should be allowed to receive funds),” read the translated version of the post on X.
This post follows an update by Binance to its platform on June 12, 2025, where an inheritance feature was added to allow users to pass on their cryptocurrency assets after death.
As of now, there is no uniform way of passing on digital assets to a person’s family and loved ones. Typically, when it comes to traditional assets, people turn to estate planning to minimise any legal complexities that may occur when it’s time to pass down wealth to children or other beneficiaries.
Currently, companies like Vault12 and Unchained Capital have solutions for passing on crypto assets, while Coinbase gives guidance if a trusted individual wants to access a deceased user’s account.
