Cryptocurrency exchange Binance has launched the testnet of its decentralized exchange (DEX) — Binance Chain, the official announcement reports.
According to the statement, nowadays, DEX platforms face speed and liquidity issues, which leave them lagging behind their centralized peers.
"At Binance, we are fully aware of the issues that hinder DEX platforms from reaching a wider user base," highlights the announcement.
The CEO and Founder of Binance, Changpeng Zhao (CZ), says Binance Chain is still a simple MVP, however, it can handle very large loads.
"It is our opinion that the load is more important than the features," said CZ.
Earlier, other Canadian cryptocurrency exchange Coinsquare acquired decentralized cryptocurrency exchange StellarX.
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