Binance Wallet has introduced a new CEX-to-DEX trading feature. This allows users to use their Binance Exchange account balances to exchange cryptocurrencies on decentralized exchanges.
This new feature supports transactions across multiple networks, including Ethereum, Solana, Base, and Bnb Smartchain.
This latest innovation from Binance Wallet launches decentralized trading by enabling users to leverage existing Exchange funds to trade in their Binance wallets. According to the company’s official statement, the feature eliminates the need for manual transfers between exchange accounts and wallets, making on-chain transactions more convenient and efficient.
With the rise in decentralized cryptocurrency exchanges, it has recently been alleged that centralized cryptocurrency exchanges have carried out manipulations on decentralized exchange lipids.
The company also doesn’t seem to want to leave the growing space for decentralized cryptocurrency exchanges.
Binance Wallet holds a rock token prize to announce the launch of the CEX To Dex feature. Users who are eligible to confirm participation through the designated landing page and trade at least $50 worth of tokens using their funding account balances at Binance Spot or Binance Wallet will receive a $100 BR token (valued to $10). Gifts are based on a first-come, first-served basis.
*This is not investment advice.
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