Binance Releases New Decentralized Exchange Preview For Its Upcoming DEX Platform Launch
Binance Releases New Preview For Its Upcoming DEX Platform
Earlier today, the dev team over at Binance tweeted out that they were all set to release a new preview of their upcoming Decentralized exchange (DEX) as well their latest “blockchain explorer”.
Via a brand new press release, Binance unveiled their upcoming Binance DEX platform that allows users to seamlessly operate the firm’s DEX wallet by not only adding/ subtracting funds from it but also participating in real-time trades (using its various functional modules)
More Details Regarding The DEX
In terms of its overall outlay and design, the Binance DEX is all set to look quite similar to what Binance’s current UI seems like. As a result of this, older users will find it quite easy to get accustomed to the new platform. Additionally, customers will also be able to control their native account activity at all times since they can easily check for niche’ data such as open orders, trade history, order history as well as a new feature called ‘balances’ (with the touch of a button).
Decentralized exchanges have not been able to garner a lot of mass appeal since many investors and crypto users believe they are not able to offer customers with the same opportunities like those being offered by centralized exchanges.
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
According to Binance CEO, Changpeng ‘CZ' Zhao, the idea for a DEX had been in his head for quite some time now. Now, with the project nearing its implementation, he says he is looking forward to what lays ahead for his firm.