Binance has Officially Announced the Launch of Decentralized Exchange Binance DEX

Binance, one of the largest cryptocurrency exchanges, has launched a decentralized trading platform (DEX), which now works on Binance Chain. Starting today, the site users have access to recharge their balance and creating crypto wallets for storing Binance Coin tokens (BNB).

During the two-month testing of the platform, about 8.5 million transactions were carried out, along with a line of coding competition and bounty program that increased community confidence in the final product Binance Chain and DEX.

Regarding the launch of Binance DEX, Changpeng Zhao said:

“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system,” said CZ (Changpeng Zhao), CEO of Binance. “With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”

Currently, the exchange invites other developer communities to issue tokens on their own blockchain.

Binance in the person of CEO Changpeng Zhao denies the possibility of competition with Ethereum, but the fact is undoubted – this product is an analog of Ethereum.

Recall that shortly after the launch of Binance Chain, representatives of the Mithril (MITH) crypto project announced their intention to become the first to switch to Binance Chain.

However, according to the latest statements, the Red Pulse Phoenix (PHX) and Atomic Wallet Coin (AWC) projects will also follow this example.

We want to remind you:

Binance will Swap BNB Tokens from Ethereum Blockchain to Binance Chain

Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/

Leave a Reply

Your email address will not be published. Required fields are marked *