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‚Äôs 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.

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.

BNB currently has a market cap of $1.16 billion, making it the 15th largest coin in the AltDex 100 Index (ALT100) and the largest token in the AltDex Exchange Index (ALTEXC).

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.

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