DEX taking leap by joining major existing player
World's Largest Crypto Exchange Binance To Launch Decentralized Trading Platform
Binance, the largest cryptocurrency exchange by trading volume, announced that it is officially developing a public Blockchain to create a new decentralized exchange, according a statement on March 13.
Binance’s vision that “centralized and decentralized exchanges will co-exist in the near future, complementing each other” inspired them to develop the Binance Chain, which will be used for the transfer and trading of Blockchain assets. The move will also push the cryptocurrency exchange toward transforming from a company into a community.
“We believe that continuously supporting high-quality blockchain projects is the best way to develop this industry. We will continue to improve this part, as we committed in our whitepaper,” the cryptocurrency said.
The new Blockchain will also host Binance Coin (BNB), which will become a native coin on its own Blockchain mainnet.
A decentralized exchange differs from a centralized exchange in that it does not rely on a third party service to hold the customer’s funds. Users transact with other users without the need for a central server, and there is no central authority that possesses order books or custody.
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https://cointelegraph.com/news/worlds-largest-crypto-exchange-binance-to-launch-decentralized-trading-platform
There is always a conversation about public vs private blockchains and their pros and cons. While we continue to have that conversation, DEXs are working on getting more liquidity onto their exchanges. Blockbasis are one of these DEX growing rapidly in liquidity by brewing loyal users, allowing them to transfer cryptocurrency for free via an email and exchange in a decentralised way.