Binance CEO Changpeng Zhao expects the company’s upcoming decentralized exchange (DEX) to co-exist with its flagship cryptocurrency exchange “for some time”.
Binance, the world’s leading cryptocurrency exchange which launched in July of last year and has over nine million users, is now launching a decentralized exchange. Binance Chain will be a public blockchain focused on ease-of-use and adding liquidity to the crypto space.
CEO CZ released the first sneak peek of Binance Chain ahead of schedule. The project is still in the early stages of development. The demo shows the issuing of a token, the listing of a token and the trading of a token for another token on the decentralized exchange.
In addition to Binance Chain, the Binance ecosystem is comprised of the original centralized cryptocurrency exchange and Binance Labs, a blockchain technology incubator which supports several new blockchain projects including Libra Credit, Oasis Labs and MobileCoin, among others. The company has also developed Binance Info, a codex, in addition to other components.
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