New Binance Decentralized Exchange (DEX) Mainnet Plans for April Launch Plus Singapore Expansion
The CEO of the world’s second largest crypto exchange by volume, Changpeng “CZ” Zhao, has recently talked about the future of Binance. He specifically talked about the new decentralized trading platform which is being created by his company. According to CZ, the new trading platform will be launched this month.
CZ made the announcement at Deconomy, a crypto conference which is happening in South Korea right now and will last from April 4 to 5. The CEO of Binance spoke during a panel called Centralized vs Decentralized.
The official information is that Binance DEX will be available still this month. However, there are still several details about the launch (like its exact date) which were not revealed so far. Because of this, we can speculate that the launch will happen at the end of the month.
This was only the first of two big announcements, though. The second big announcement was about the upcoming launch of Binance Singapore, the Singapore-based version of one of the most popular crypto exchanges in existence. The launch of this fiat to crypto exchange will also happen this month.
According to reports, Binance DEX is being tested since February. Some traders were allowed to participate in the Beta testing of the platform and started trading tokens there. Reports affirm that this version of the platform will be more secure and put more emphasis on the user controlling its own assets.
Binance’s Trust Wallet
The integration of Binance’s Trust Wallet was also announced. Binance has affirmed, too, that the popular Ledger Nano S hardware wallet will also be compatible with the new software that is about to be launched.
Binance’s final announcement was that the Trust Wallet is currently working on a new staking feature, which will be launched before the half of the year, and that it has support for Tezos (XTZ) now. Coinbase has also announced Tezos staking last week.