Binance’s Decentralized Exchange Beta Could Be Released This Year, Says CEO
Binance, the world’s most popular cryptocurrency exchange, may be ready to release a public beta for its upcoming decentralized exchange (DEX) built on the Binance Chain, the company’s own blockchain, by the end of the year.
According to a recent announcement by Binance CEO Changpeng “CZ” Zhao, the company is pushing hard to release the beta by year’s end, or at the latest, early 2019.
Just had a productive meeting for #Binance #DEX (decentralized exchange), where $BNB will be native gas, and the exchange don't control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop!
— CZ Binance (@cz_binance) September 29, 2018
The news comes a little over a month after CZ walked through the process of issuing, listing and trading tokens on the platform. Given that there was no graphical user interface (GUI) at the time, the entire preview was done using command lines.
As noted by CZ, the DEX will leverage Binance Coin (BNB) as gas, while enabling users to maintain full control of their funds. This would ultimately work to circumvent many of the issues commonly associated with centralized exchanges.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.