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Binance's largest exchange of cryptocurrencies revealed a second preview of its next decentralized exchange (DEX) in a December 4 video.
Binance, which is regularly at the top of the global rankings for the largest volume of cryptocurrency traded daily, has released a first peak in August.
The project is part of the broader Binance Chain initiative, through which managers plan to support "millions" of cryptographic resources.
The latest preview included the presentation of a new user interface, wallet and block explorer for DEX, developers who confirmed that a testnet version would become available to potential users "soon".
Commenting on the update, Binance CEO Changpeng Zhao confirmed additional features that are scheduled for the final launch. These include a one-second blocking time for transactions and the ability for users to control their funds.
The decentralized exchange platforms differ from traditional exchanges in previous centralized databases and storage, with users who instead directly control their private keys.
The traditional centralized storage model, often criticized, has caused numerous thefts by users who have continued this year. In January, Coincheck's Japanese exchange lost over half a billion dollars in a security breach.
On Tuesday, Binance also said Binance's bespoke Binance Chain could be commercially available in the "coming months".
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