Binance DEX Now Live on Binance Chain

Binance DEX Now Live on Binance Chain

After much anticipation, Binance’s answer to a decentralised exchange platform, Binance DEX, has now gone live.

Back in February, we announced that the Binance DEX testnet had been released and that it received mix reviews by audiences. Since then, it has remained a big talking point in the crypto world and if anything, the semi-successful test launch did nothing more than fuel anticipation for the official launch.

During the testnet period, 8.5 million transactions were made on the DEX. Meanwhile, developers at Binance tinkered away at their product in response to the early feedback. With many of the new features and open sourcing tools coming directly from Binance’s following. As per the blog post announcing the launch, this is a “testament to the community led-nature of Binance DEX.”  

Now, today, with the announcement that it is finally live on Binance chain, users will now be able to see whether the hype was worth it, while Binance’s developers will now be able to see what the fruits of their labours will bear.

Speaking about the launch, CEO of Binance, Changpeng Zhao, explained that he hopes the DEX would “bring new hope and new possibilities” and offer “a trustless and transparent financial system.”

He went on to say, “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.”

Binance’s development team now urge other projects to further DEX by issuing their tokens on the newly launched exchange.

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