World's Largest Crypto Exchange Binance To Launch Decentralized Trading Platform557.13

Binance, the largest cryptocurrency exchange by trading volume, announced that it is officially developing a public Blockchain to create a new decentralized exchange, according a statement on March 13.Binance's vision that "Centralized and decentralized exchanges will co-exist in the near future, complementing each other" inspired them to develop the Binance Chain, which will be used for the transfer and trading of Blockchain assets. The move will also push the cryptocurrency exchange toward transforming from a company into a community. A decentralized exchange differs from a centralized exchange in that it does not rely on a third party service to hold the customer's funds. While decentralized exchanges provide more anonymity and are lauded as being more difficult to hack, they can be less intuitive for beginning traders and lack some of the features and functionality of centralized exchanges.
Original source

Add comment

Please Sign in to be able to leave comments.