Decentralised cryptocurrency exchange is an answer to many risks that come with traditional exchanges. Every once in a while we hear about various exchange platforms closing down or disappearing with their clients’ funds.
Decentralisation is an answer to that. It removes liability and many security risks associated with centralised exchanges.
Plans for the Binance DEX were revealed last year for the first time. And now we finally know when the testnet version of the Binance’s first decentralised exchange will be launched.
Binance CEO Changpeng Zhao tweeted that the testnet will launch on February 20 and will be public. Zhao also asked users for their valuable feedback once the testnet goes live.
In one of his previous tweets, Zhao explained that “Binance DEX will support hardware wallets from day one of launch.” Thanks to that feature, users will be able to be in control of their private keys.
Binance is planning an expansion into multiple new markets at some point during 2019. The question is – will the DEX run alongside the original Binance exchange or will it replace it completely.
The answer to this question will be verified by the markets and their reaction to the new DEX platform.
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