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Binance have released a new preview of their upcoming Decentralized exchange (DEX) as well as a preview of the Binance blockchain explorer.
In a new press release, Binance have unveiled a demo of the upcoming DEX binance which features the user opening a new DEX wallet, funding the wallet as well as trading on the DEX.
The Binance DEX is set to look very similar to the current Binance setup, making integration to the DEX for old users, that much more familiar. Users will be able to see orders, trade history, order history as well as new features called balances. The balances tab is required since the funds will be held by the user and not the exchange.
Decentralized exchanges have been added to DEX that can match up to the capabilities of a centralized exchange. Binance CEO Changpeng 'CZ' Zhao decided to offer a centralized and decentralized exchange. CZ was originally mentioned in public beta two Q4 2018 / Q1 2019.
Just had a productive meeting for #Binance #DEX (decentralized exchange), where $ BNB will be native gas, and the exchange will not control user funds. Aiming for a public beta end of the year / early next year. Yes, we work on Saturdays, do not stop!
– CZ Binance (@cz_binance) September 29, 2018
While the preview of the Binx DEX and blockchain explorer looks promising, it will all come down as well as the DEX handles once live. Binance will continue to set the standard for crypto adoption.
Read more: Binance's future plan: Binance Chain that hosts millions token creation projects
DEX, comes after Binance announced that "Binance Chain will be ready in a couple of months", "on which millions of projects can easily issue tokens"
#Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the chain ready in the coming months, on which millions of projects can easily issue tokens. @cz_binance @ForbesAsia #ForbesBlockchain pic.twitter.com/0pc0r1lXd2
– Binance (@binance) December 4, 2018
Another step forward! #BUIDL https://t.co/IZqr5t9ihF
– CZ Binance (@cz_binance) December 5, 2018
CZ continues to push the "Buidl" mentality. The future looks promising with Binance.
Read more: 9 Bitcoin price predictions for 2019 by crypto experts
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