Binance Dex: Bitcoin Ethereum Tron XRP

“Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys and manage your own wallet,” said Changpeng Zhao (CZ), CEO of Binance. “With Binance DEX, we provide a different balance of security, freedom, and ease-of-use, where you take more responsibility and are in more control of your assets.”

Binance Chain is a new blockchain and peer-to-peer distributed system developed by Binance and the community. A secure, native marketplace built on Binance Chain, Binance DEX allows for the exchange of digital assets that are issued and listed on the DEX. Matching happens within the blockchain nodes and all transactions are recorded on-chain, forming a complete, auditable ledger of activity.

Binance Coin (BNB), currently an ERC20 token, will be migrated to Binance Chain to become the native asset. Traders will be able to issue, send and receive new tokens on the blockchain, and also propose new trading pairs to list.

“Binance Chain has near-instant transaction finality, with one-second block times. This is faster than other blockchains today,” said CZ, noting that Ethereum takes about 20 seconds and Bitcoin averages 10 minutes for network confirmations, with the possibility of rollbacks that do not occur on Binance Chain. “With the core Binance Chain technology, Binance DEX can handle the same trading volume as Binance.com is handling today. This solves the issues many other decentralized exchanges face with speed and power.”

Binance DEX will support proven secure and decentralized software and hardware wallets. Binance’s Trust Wallet is fully integrated with Binance DEX, as well as the Ledger Nano S, with more wallets supported over time.