Binance Launches Decentralized Exchange

The major cryptocurrency exchange Binance released its decentralized exchange (DEX) ahead of the planned schedule. The exchange announced the news on Tuesday, stating while trading will begin ‘’at a later date,’’ users can now create wallets on Binance DEX.

A representative for Binance stated “as soon as tokens are issued and listed on Binance DEX, and trading pairs are created. We’re expecting this to happen soon, in the next few days.”

The CEO of Binance, Changpeng ‘’CZ’’ made an announcement stating: “We believe decentralized exchanges bring new hope and new possibilities, offering a trust-less and transparent financial system. … With no central custody of funds, Binance DEX offers far more control over your own assets.”

Binance DEX users can now create accounts, access web wallets but according to the announcement made the actual trading date is yet to be specified:

“Users now have access to the Binance Chain Explorer, web wallet, public data nodes and APIs, and trading will begin at a later date.”

The Maltese based cryptocurrency exchange OKEx had also announced in March of their plan to launch a decentralized exchange called OKDEx on its own blockchain OKChain. OKEx stated that OKChain is currently at the “final” development stages and that a test network launch is expected in June.