Binance Might Launch Its Decentralized Exchange by End of 2018

2018-9-29 21:20

In August this year, Binance CEO Zhao Changpeng tweeted about the demo version of the upcoming Binance decentralized exchange, Traders and investors are beginning to generate more interest in decentralized exchanges over centralized exchanges and binance still wants to be the leader in both the centralized and decentralized crypto exchange sphere.

The video in what Binance CEO Zhao called a “casual early pre-alpha demo”, contains informations about the trading, listing, issuing of crypto assets in the decentralized exchange.

From the information available on Coinmarketcap which just reached 2000 milestone number of listed crypto assets it currently monitors , Binance exchange is one of the top cryptocurrency trading platforms and carries out more than $1.1 billion worth of cryptocurrency trades daily.

To show the progress that has been made on its decentralized exchange (DEX), the CEO in a tweet made it known that the Binance team is currently looking at launching the beta test of the decentralized exchange by the end of this year or early next year.

His Twitter handle with name CZ Binance made the tweet below:

Just had a productive meeting for #Binance #DEX (decentralized exchange), where $BNB will be native gas, and the exchange don’t control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop!

— CZ Binance (@cz_binance) September 29, 2018

Even though he did not give details as regards to the launch of the main decentralized exchange, he has also disclosed that Binance token (BNB) will be the native currency of the decentralized exchange and users have control of their fund without any interference from the exchange.

The public beta test of the dex will enable users to detect bugs and also to suggest new features that could be added.

The post Binance Might Launch Its Decentralized Exchange by End of 2018 appeared first on ZyCrypto.

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