Binance DEX
Binance held the first demonstration of a decentralized cryptocurrency exchange platform under development.
About their plans to create a decentralized cryptocurrency exchange (DEX) Binance reported in March. According to her statement, the platform will be based on Binance Chain’s own blockchain and will allow exchange of cryptocurrencies without the involvement of intermediaries. On Thursday, CEO Binance Changpeng Zhao held the first DEX demonstration.
“Today I want to share something really exciting with you. This is the first demo of the Binance decentralized exchange,” Zhao said.
He explained that the developers are ahead of the deadline: "I thought it would happen in a month or two, but the team copes very quickly."
Most of the demonstration of the work of DEX was reduced to showing the command line terminal, with which the platform developer carried out emission, listing and exchange operations.
Zhao stressed that DEX is still at a very early stage of development. “There is still a lot of work to be done to turn this into a final product,” he said. “The team is very active. In any case, this is an important achievement for Binance Chain.”