Binance coin (BNB) fireworks explode: Binance DEX New Video Demo goes live

The official token issued by the largest cryptocurrency exchange, Binance has exploded in fireworks on Wednesday morning (GMT). The data on CoinMarketCap shows that BNB is up more than 8% in the last 24 hours. Besides, a look at the chart shows a bullish trend since Monday as opposed to the trend in other digital assets like Bitcoin (BTC), XRP and Ethereum (ETH).

Binance coin is up 12.49% against BTC and 13.23% against ETH. The tokens trading volume has increased significantly from $39 million at the close of the session yesterday to $45 million at press time. Its market cap has remained relatively stable and currently stands at $785 million. Binance Coin is ranked as the 13^th largest digital asset.

Binance is the world’s largest crypto exchange after trading volumes have been adjusted. The exchange is planning to launch a decentralized exchange referred to as Binance DEX in the first quarter of 2019. The company, preparation for the launch, today released a video demo that shows how Binance DEX user interface looks. The video was released together with a web crypto wallet as well as a public explorer for its own blockchain protocol called Binance Chain. The company told the community that the blockchain will be made available in a test net not long from now.

The video demo shows semblance to existing centralized exchange user interface. However, the decentralized platform interface comes with several new features such as a balance tab and a user icon that will be used to display the wallet addresses belonging to users.

User funds on the DEX will be secured with decentralized wallet applications like Trust Wallet, which has a server-free infrastructure that stores private keys only on the user’s device, meaning only users have access to their funds,” Binance explained in a statement released on Wednesday.

BNB/USD 15’ chart