Coming Soon, The Binance DEX
Coming Soon, The Binance DEX
Back in June Binance CEO Changpeng Zhao gave an interview to Cointelegraph and was asked, what’s next for Binance?
His response:
“Right now, we are working on a decentralized exchange, our Binance Chain. That’s a very high priority for us. It’s a big project and the work is progressing.”
It was back in March that Binance officially launch the development of the Binance Chain, Binance’s decentralized exchange.
Many in the crypto community are looking forward to a robust, decentralized exchange. With decentralized exchanges you’ll always be in control of your funds, so it eliminates the risk of holding funds on an exchange. It also makes it harder for hackers as they don’t have one central place to attack.
Current decentralized exchanges, like Etherdelta and IDEX, have their shortcomings. They’re not always the easiest to use. The liquidity is poor for some coins. And these are exclusive to ERC20 tokens.
Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin.
Changpeng Zhao recently tweeted the first demo of the Binance DEX.
We may see Binance Chain before the year is out.
Check it out, looking pretty good! But keep in mind it’s very early.
and trade cryptos on Binance
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I am very Excited For this Absolutely gone to be massive
This is really awesome i am looking forward for it.
I am looking forward to their DEX, hopefully it will not have the shortfalls other DEXs have
Me too!
Maybe they will build the chain on SKYCOIN. Let's wait and see :)
Good, just I hope this new project be well for all us and save our founds in least risk!
thanks for sharing this important information
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