Binance DEX is a high performance and user friendly platform built on Binance Chain, where users can create, issue and trade digital assets.
Biggest cryptocurrency exchange by adjusted volume, Binance has launched the testnet of its new decentralised exchange, Binance DEX as per the press release shared on February 20.
The decentralised exchange which is propelled by Binance Chain is now accessible for clients. Clients can make wallets and begin trading tokens on the platform.
As per the announcement by Binance, Binance Chain is a new blockchain developed and released by Binance. Binance DEX is a high performance and user friendly platform built on Binance Chain, where users can create, issue and trade digital assets.
CEO of Binance, Changpeng Zhao said that the new exchange will enable clients to recapture control of their private keys -
“Binance DEX is a decentralised exchange with a decentralised network of nodes, where you hold your own private keys and manage your own wallet. With Binance DEX, we provide a different balance of security, freedom and ease-of-use, where you take more responsibility and are in more control of personal assets.”
Binance DEX purportedly support secure decentralised exchange and hardware wallets. Binance's Trust Wallet will likewise be incorporated with Binance DEX, alongside the Ledger Nano S and other wallets will be added soon.
MainNet launch date of Binance DEX will be announced at a later date. You can also find more details on Binance website like How to set up a wallet on the Binance DEX, Accessing Your Wallet, Interface Guide, Funding Your Testnet Account, Binance Chain Explorer Guide
Not long ago, Binance declared that Binance Coin (BNB) which is at present an ERC20 token, will be moved to the Binance Chain. Zhao also said that Binance Chain will be 10-20 times quicker than the Bitcoin and Ethereum blockchains. Binance coin is as of now up more than 10% in the course of recent hours.
Malta based Binance doing lot of marketing worldwide and planning for expansion in many other countries
Disclaimer & Suggestion : Please always do your due diligence before investing in any cryptocurrency or project. This should not be treated as financial advice.