Revolution: Binance working to create its own decentralized exchange

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2018-10-01 23:30:07

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Revolution: Binance working to create its own decentralized exchange

The Largest crypto currency exchange Binance will launch its own decentralized marketplace (DEX) to the end of the first quarter of 2019. We will remind, earlier CEO Binance, Chanpen Zhao that decentralized exchanges are the future of the industry of cryptocurrency. About it writes .

the

Why Binance launches DEX

About working on DEX at the weekend he said Zhao.

Just visited a very productive meeting on issues of Binance DEX. BNB will perform native token platform, and the exchange itself will not directly control the means of users. A public beta test DEX has to begin by the end of this year. Yes, we work on Saturdays non-stop.

Traditional exchanges (and indeed Binance) receive income from installation fees with every trade. The profit from DEX also gets commissions, but in this case they are embedded directly into smartcontract that executes trades of the traders.

In October 2017 Vitalik Buterin praised the model of the DEX EtherDelta with the developers.

I think the model of remuneration EtherDelta for developers underestimated.

As stated, Chanpen Zhao, the implementation of the most advanced DEX can only be based on Binance. is one of the most reliable in kriptonyte — from the first day of their work Binance nobody has managed to crack.

Zhao also noted that the main advantage of decentralized exchange before the traditional trading platforms — full safety of their clients. Trading activity in the DEX backed by smartcontract and bloccano Ethereum.

However, while centralized exchanges are far ahead of DEX in trading volumes. However, the situation should change after a sharp decline of the popularity of Fiat. After that urgent need the centralized nodes exchange will disappear, and the traders themselves move on to decentralized platforms.

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