Binance DEX is in the crypto news today because of a recent announcement in which the CEO of Binance scheduled a testnet version of the new decentralized exchange for February 20th. The exchange, which aims to sell Bitcoin and other tokens through a decentralized basis, will apparently remove liability and security hurdles that are associated with traditional and centralized platforms.
Finally got a date. Targeting to release Binance Chain testnet (@binance_dex) for public testing on Feb 20th. This is a testnet, your feedback would be most valuable.
— CZ Binance (@cz_binance) February 12, 2019
More importantly, the testnet release will be public – as Zhao requested feedback from users in the same tweet today. The date, on the other hand, follows a lot of previous announcements with more details about Binance DEX, including support for cryptocurrency hardware wallets.
Even though a testnet was only a rumor in December previous year, it is now official – and Binance confirmed the launch of the decentralized Binance DEX as a great way to accommodate the needs of large volume traders and offer expansion features.
Zhao also added that he anticipated Binance DEX running either in tandem with the original Binance platform or potentially replacing it altogether, mostly depending on the market reactions. The company additionally plans to expand into at least two markets in 2019, according to a spokesperson and his confirmations in January 2019.
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