Cryptocurrency exchange Binance which is one of the world’s largest cryptocurrency exchange stated to launch a Decentralized Crypto Exchange back in March. This Decentralized Crypto Exchange (DEX) will be called as Binance Chain.
Yesterday through a Youtube Video Binance CEO Changpeng Zhao gave a sneak preview of the DEX or Binance Chain. In the Demo video, the developer of the platform explains more technical aspects and shows Issuing/Creating of the token, then listing and trading crypto assets on the decentralized cryptocurrency exchange.
Zhao said his team is quite ahead of schedule in the building the platform. Yet in the conclusion, he claimed that the Binance Chain still remains in the early development stage but this is a major milestone for the platform.
That’s a very early casual demo for the Binance Chain. There’s still a ton of work to be done to turn into a final product and the team is working on it very aggressively. said Zhao
Last time Binance offered for its customers for first-time to trade in euros at the end of the year out in its newly opened headquarters at Malta.
Currently, in the market, there are already quite a few Decentralized Crypto Exchanges (DEX) operating. This shows that Binance Chain has some competitors who hold the market of Decentralised Crypto Exchange. But Binance being one of the largest crypto exchanges might give them traction to their new platform. Also will help them get consumers quickly.
Binance Chain Sneak Preview Image by YouTube
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