Binance Prepping For Crypto DEX Launch, CEO CZ Confirms
In spite of its youth, Binance, a Malta-registered crypto exchange, has rapidly established itself as one at the industry’s finest multi-faceted startups.
Crypto Insider Changpeng Zhao Speaks On Binance’s DEX. Little was known about the project until August 2018, when Zhao released a “Casual, rough, and pre-alpha” sneak peek of the platform, which had no graphical user interface to speak of at the time.
This came to a head earlier this week, as CZ took to his Twitter page, which has command of the eyes and ears of 275,000 strong, to claim that as Lunar New Year celebrations have occurred, the Binance DEX team “Continue to BUIDL.” Hinting that the release of the platform is near, Zhao added that not only was a testnet of Binance Chain – the DEX’s home field, so to speak – pushed to select partners, but integration with Ledger Nano hardware wallets is right around the corner.
Binance’s fervent leader even quipped that due to the barebones nature of Binance Chain – lack of a virtual machine means no smart contracts – the network should be able to generate one-second blocks, each of which pertains to “a couple thousand” transactions.
Along with launching a crypto-to-fiat exchange in Jersey, which was met with copious levels of demand from European citizens, Binance secured a partnership with Simplex, allowing consumers to purchase cryptocurrencies through credit and debit cards.
In a recent tweet, the anti-establishment advocate, who is behind the ShapeShift Exchange, CoinCap, and KeepKey ventures, remarked that he’s “Impressed and inspired” by the “Incredible success” that Binance has achieved in recent memory.
Nick Chong’s original article for blockonomi.com reduced by 64%
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