Binance DEX goes live ushering in a new era of decentralized exchanges

• Binance DEX goes live in the wake of the Binance Chain mainnet launch.
• “We believe decentralized exchanges bring new hope and new possibilities,” Changpeng Zhao.

Binance has announced the official launch of its decentralized exchange platform today. The DEX goes live in the wake of the Binance Chain mainnet launch. The DEX exchange executes on the newly released Binance Chain blockchain protocol. Users of the exchange will be able to buy and sell digital assets while staying in control of all their assets directly via the blockchain protocol.

Changpeng Zhao, the CEO of Binance told CCN that the new decentralized exchange will ensure that the ideas from developers are duly implemented to ensure that speed, scalability and efficiency are achieved.

“During the testnet period, many developers from the community contributed new features and ideas to Binance Chain that are reflected now in the mainnet. The Binance DEX developers have been working hard over the past several months to get the DEX up and running as quickly as possible. We are excited to introduce the platform to the community, and we encourage more projects to explore Binance Chain for the speed and benefits it offers.”

The cryptocurrency community has in the past few years been warming up to the idea of decentralized cryptocurrency exchanges. In fact, various decentralized exchanges have been launched on Ethereum network and other networks but the main challenge has been user experience (UX) and user interface (UI).

“We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system. With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”