Binance Officially Launches DEX, Sparks New Era of Decentralized Crypto Exchanges
By CCN.com: The world’s largest crypto exchange Binance has launched Binance Decentralized Exchange (DEX) on April 23 following the official release of the Binance Chain mainnet.
Binance DEX, a non-custodial and decentralized exchange that operates on top of the Binance Chain blockchain protocol, enables users to trade crypto assets while maintaining full control over their funds at all times, processing trades on the blockchain.
User interface of Binance DEX testnet |Source: Binance
Changpeng Zhao, the CEO of Binance better known to the community as CZ, told CCN in an exclusive interview that Binance DEX developers have worked to implement ideas suggested by developers in the crypto community to maximize the speed, scalability, and efficiency of the platform.
CZ told CCN:
“During the testnet period, many developers from the community contributed new features and ideas to Binance Chain that are reflected now in the mainnet. The Binance DEX developers have been working hard over the past several months to get the DEX up and running as quickly as possible. We are excited to introduce the platform to the community, and we encourage more projects to explore Binance Chain for the speed and benefits it offers.”
A New Era in Crypto Trading: Can DEXes Appeal to Casual Traders?
Throughout the past several years, many decentralized exchanges emerged on various blockchain networks including Ethereum in an attempt to provide a platform in which users are able to control their funds and trade cryptocurrencies simultaneously.
