Binance Unveils Demo of New Decentralized Cryptocurrency Exchange

Binance, the world’s largest cryptocurrency exchange, has unveiled the first demo of its much-anticipated decentralized trading platform, which will serve as a core component of the firm’s future public blockchain.

There’s still a ton of work to be done to turn it into a final product, Binance CEO Changpeng Zhao said. Nevertheless, I think this is a major milestone for Binance Chain.

Decentralized exchanges (DEX) are widely viewed as the next frontier in cryptocurrency trading since they allow users to trade assets with other users without entrusting their assets to a third party where they can be hacked by external attackers or stolen by malicious company employees. DEXs can also provide users with access to trading platforms that cannot be censored by hostile governments.

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