CEO of the second largest crypto exchange by trading volume Binance, Changpeng Zhao, has announced that the exchange will launch its decentralized trading platform by the end of April. The development was reported by a Media correspondent at the Deconomy conference in Seoul.
CZ attended Deconomy, which is being held in South Korea from April 4-5, at the panel dubbed “Centralized vs Decentralized.” During the panel, he revealed two major announcements; First announcement refers to Binance DEX, and decentralized crypto exchange sponsored by Binance’s blockchain. Although much information has not yet been revealed, the exchange’s decentralized trading platform will be launched fully later this month.
Another announcement refers to the launch of Binance Singapore. According to CZ, Binance has stated that its fiat-to- crypto exchange servicing in the country is also set to launch in April.
The exchange has confirmed that its new offices will be positioned in Malta and Singapore. Before the confirmation the company had opened a branch in Uganda.
Binance launched the testnet for DEX in late February. At the time, users were enabled to develop wallets and start exchanging tokens on the Binance DEX.
According to CZ, the exchange’s mainnet will be launched later in April, and the platform will reportedly support secure decentralized software and hardware wallets that include Binance’s own Trust Wallet.
On April 3, Binance announced that its Trust Wallet is creating a new staking feature to launch by the end of Q2 2019. In addition the exchange has added support for Tezos [XTZ] currently trading in the 19th largest currency by market cap, according to CoinMarketFeed.
Binance’s Trust Wallet will also be merged with the exchange, along with the Ledger Nano S. Report suggests that more and more compatible and secure wallets might also be added after the launch.
Moreover, CZ had hinted previously about the development of a crypto-fiat exchange in Argentina but this location has not yet been officially confirmed by the authorities.
Also this week, major U.S. based crypto exchange and wallet Coinbase revealed that they were also launching Tezos staking.