Binance will launch a decentralized exchange by the beginning of 2019
“We just held a productive meeting about Binance DEX (decentralized exchange), where natural fuels will serve as tokens BNB, and the exchange will not control the means of users. We plan to launch a public beta later this year and early next. Yes, we work Saturdays, non-stop,” wrote Zhao.
In July, the program Crypto Trader CNBC, the head of the Binance said he believes the decentralized exchange is the future of cryptocurrency.
“I think decentralized exchange is the future. But I don’t know when this future will come. I think we are still at an early stage in this direction and I don’t know how much more time does it take – a year, two, three or five years. I don’t know, but we have to be ready for it,” he said.
According to Zhao, Binance may be a safer alternative to other decentralized platforms thanks to the strong architecture and infrastructure. Since launch in 2017, the exchange has never been hacked.
Chapter Binance believes that the real benefits of decentralized exchanges are the freedom and full control of users over their funds. In such sites, you do not need to create accounts or to apply for withdrawal. Each transaction is in the blockchain using neoscopelidae wallet.