Previously we reported that Binance decided to launch a fiat exchange in Singapore. The opening date was on September 18. However, the CEO of the worldwide company, Zhao Changpeng, is not complacent, he tweeted a beta-version of Binance DEX, the decentralized exchange, would have been launched by the end of the year or be the beginning of 2019.
Just had a productive meeting for #Binance #DEX (decentralized exchange), where $BNB will be native gas, and the exchange don't control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop!
— CZ Binance (@cz_binance) September 29, 2018
Mr. Zhao stated that the decentralized exchange is the “future” of the crypto world, however he is still not sure when this “future” will come.
A big part of income of such kind of exchanges is generated by means of different fees. Thought the biggest of advantage of decentralized platforms is freedom, so that users do not need to create accounts or apply for withdrawing assets.
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