Binance Has Launched A Decentralized Trading Platform Earlier Than Planned
This step was carried out only after Binance launched the blockchain, Binance Chain, which will power new decentralized platforms.
While Binance DEX trading is set to go live at a later date not specified, users can on this day make a wallet on a decentralized platform, either an official Binance Trust Wallet or other third party wallet. They can also access tools such as Binance Chain Explorer, public data nodes and APIs, the status of press releases.
Binance's CEO Changpeng Zhao, has asked the token community to participate and develop a new token on mainnet Binance, stating that the exchange hopes to work with the project and the development team to build the ecosystem.
He underlined: "We believe a decentralized exchange brings new hope and new possibilities, offering a financial system that is unreliable and transparent. Without central funds storage. We hope this brings a new level of freedom to our community."
The own exchange sign, Binance Coin (BNB), has now migrated from the former Ethereum network blockchain, which is compatible with ERC-20 technical standards for BEP-2 native Binance Chain standards, and will be used as a blockchain 'original asset to help network transactions.
Binance DEX launch follows a two-month testnet period, in which the exchange is reported to run 8.5 million transactions in a simulated trading environment, coding competition and bounty bug programs.
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