Malta-based Binance Decentralized Exchange public testnet goes live

Binance launches DEX platform testnet after a year of development.
Binance slow and steady development method yields; users to get more security and control over their assets.

John Isige FXStreet

Malta-based Binance exchange has for some time now been working on the much anticipated decentralized exchange (DEX) platform. The latest from the company is that the public testnet has gone live. It has been a year since Binance announced plans to launch a DEX platform. The largest exchange approached the development of the exchange using the slow and steady method.

In spite of the declines witnessed in the cryptocurrency market, Binance did not stop creating new products and services including the Binance Jersey Exchange, the Binance Charity Foundation as well as a beginner learning platform.

Currently, the exchange is celebrating Binance DEX Testnet going love following a successful preview carried out on December 4, 2018. All the people interested in trying out the platform have the opportunity to do according to the CEO, Changpeng Zhao:

“Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys and manage your own wallet. With Binance DEX, we provide a different balance of security, freedom, and ease-of-use, where you take more responsibility and are in more control of personal assets.”

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Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

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