Binance DEX, the company’s decentralized exchange, is now live. Currently, it is not possible to trade on the platform, however, transactions will be allowed immediately after the first pair is listed.
The CEO of Binance stated: ‘In our mind, DEXs create fresh opportunities, providing a transparent and trustless exchange platform. Bincance’s decentralized exchange gives you great deal of supervision over your own funds. We believe that this will convey fresh sense of freedom in the crypto asset community. This ecosystem will develop greatly, as we plan to cooperate with teams and projects.’
The launch of the DEX was announced earlier today and, as of now, users only have access to its interface and have the ability to connect Binance’s BEP2 token wallets to the DEX.
In a Twitter statement, the company said that the date that the trading will be initiated, is not announced yet. However, according to CoinDesk, it will start in a few day.
The launch of the DEX followed the announcement of Binance Chain, the firm’s native blockchain. Right now, this blockchain supports numerous wallets, such as Enjin, Exodus, Coinomi, Ledger and Trust Wallet, which is owned by Binance. Before its launch, the DEX was being tested for 2 months, during which, 8.5 mln tradings occurred.
Other large crypto asset exchanges, like OKEx, are looking into launching their own decentralized exchanges.
