Binance DEX Beta Version Coming Next Year

October 2, 2018

The world’s largest crypto exchange by daily trade volume Binance has voiced its plans to launch a beta-version for its decentralized exchange (DEX) early 2019.

“Just had a productive meeting for Binance DEX (decentralized exchange), where BNB will be native gas, and the exchange don’t control user funds. Aiming for a public beta end of the year/early next year. Yes, we work on Saturdays, non stop”, Binance CEO Changpeng Zhao said.

Back in August Zhao’s personal Youtube channel posted a video presentation for the new platform where the head of Binance clarified some point on withdrawing crypto coins from the exchange, creating orders and integrating new trade pairs.

In addition, during his July’s interview to CNBC Zhao called decentralized exchanges the future of cryptocurrencies. CZ explained that users of this kind of platforms are provided with absolutely free cryptocurrency exchange via p2p-network while keeping total control over their funds.

“I believe that decentralized exchange is the future. I don’t know when that future will come yet. I think we’re at an early stage for that so I don’t know if it’s a year, two years, three years, or five years. I don’t know but we got to be ready for it”, Zhao noted.


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