Binance Launches Binance DEX Testnet
Main page News, Fintech, Tech, Exchange, Future, DEX, Binance, Cryptocurrency Exchanges

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.

Binance Launches Binance DEX Testnet

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error