- The new Binance Cex-to-Dex trade function enables tok token directly between the nets-no additional wallets are required.
- Binance Tradfi and Defi bridges in a comprehensive step towards mass application.
The world’s largest crypto exchange Binance has presented a new function that combines centralized and decentralized finances – CNF reported. The innovation enables tokens to act directly from their bony accounts via various blockchain networks and thus bridge the gap between traditional and decentralized financial systems. Phoenix posted one Tweet in addition:
“For the market launch, Binance organizes a temporary raffle from DOMATION (BR) token. Users who value token worth at least $ 50 via the new CEX-DEX trading function from Binance Wallet can receive 100 BR-TOKEN, whereby the rewards” Whoever comes first “are granted.”
Bridging between central and decentralized trade
The newly introduced function of Binance enables users to operate on-chain-trade with their spot or funding accounts. By using stable coins, users receive access to Dex-tokens in the most important networks such as Ethereum (Eth), Solana (Sol), Base and BNB Smart Chain.
This functionality simplifies the entire trading process and makes the transfer of assets over several wallets or platforms superfluous and makes Defi more easily accessible to normal users over the entire chain.
Improved user -friendliness and accessibility
The direct CEX-to-dex trade function, which is accessible via the Binance Wallet tab, offers an optimized and intuitive experience. It is particularly valuable for users who want the security and autonomy of decentralized stock exchanges, but also appreciate the comfort and familiarity of a central trade interface.
This update is an important step on the way to a better networked, safe and user-friendly crypto trade ecosystem.
Insights of the Bony leadership
Richard Teng, CEO of Binance, emphasized that the convergence of central and decentralized services must be supported by clear regulations and institutional integration.
According to Teng, a clear regulation strengthens the trust of the users, which is decisive for the acceleration of the mass acceptance of digital assets.
Market development by Binance Coin
After all, the innovation of Binance continues to advance the commitment and strengthens its position on the cryptom market. Binance’s latest function is an example of the company’s commitment to promote innovations and to improve the commitment of users in the developing landscape of cryptocurrency trade.
Today Binance Coin (BNB) is traded at $ 611.12, which corresponds to an increase of 2.43 % in the last 24 hours, but a decrease of 4.50 % last week, according to Coin Market Cap’s latest market data. See BNB price diagram below.
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