Binance DEX is now live on Binance Chain ahead of schedule

26 Avril, 2019, 09:52 | Auteur: Auguste Feret
  • World's Largest Crypto Exchange Launches its Own Blockchain and Cryptocurrency

Binance's long-awaited decentralized exchange (DEX) has gone live, ahead of its planned schedule.

"With Binance's Decentralized Exchange now live, we are happy to be able to provide Ledger's security support", said Eric Larchevêque, CEO of Ledger.

A representative told CoinDesk that trading will launch "as soon as tokens are issued and listed on Binance DEX, and trading pairs are created. This will inspire more economic freedom, and more projects participating in Binance DEX will help further the long-term vision of peer-to-peer cryptocurrency trading".

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The first batch of 5,000,000 BNB will be allocated and deposited into an address belonging to Binance.com in order to convert the ERC20 BNB for existing owners.

While trading will begin at a "later date", users can now load crypto onto the platform's native wallet, which is powered by California-based Trust Wallet. However, as both Japan and China became stricter in regulations, Binance announced its intentions to open an office in Malta and had established offices in Taiwan too.

Decentralised exchanges have grown in importance over the past year due to numerous hacks on centralised exchanges like CoinCheck and Cryptopia.

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