A year after its initial announcement, the Binance Decentralised Exchange is finally live now. During the span of a year, the exchange has seen a lot of progress. Binance also released the Binance Chain Testnet, which is a new blockchain.
— Binance (@binance) February 20, 2019
Binance DEX is one of the high performance and user-friendly platform which is built on top of Binance Chain. This platform allows users to create, issue and trade digital assets. A successful preview was shared on 4th December 2018 by Binance team that the Binance testnet is now available to everyone who is willing to see the future of decentralized exchanges. Similar to any other good chain, the Binance Chain also has a Binance Chain Explorer.
The CEO also stated that,
Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys and manage your own wallet. With Binance DEX, we provide a different balance of security, freedom and ease-of-use, where you take more responsibility and are in more control of personal assets.
Although, it’s just been few hours on the release of the decentralized exchange there are quite a good responses on experiencing it.
Glad you like it! Thank you for testing it, please give us detailed feedback on improvements if you can. Many thanks! https://t.co/No5xJLlxuu
— CZ Binance (@cz_binance) February 20, 2019
Today’s Binance release also includes access to the Web wallet, the Binance Chain Explorer and various other functions. According to the official announcement, the Binance Chain Mainnet launch date will be announced at a later date. The Binance DEX is a step ahead of realising Binance’s vision for greater freedom of money.