Binance Launches New Feature Enabling Trading Between Centralized and Decentralized Exchanges
Binance, the planet’s greatest crypto trade by quantity, has launched a brand new function bridging its companies to the decentralized finance (DeFi) world.
In a brand new announcement, Binance says it’s introducing CEX to DEX (centralized trade to decentralized trade) buying and selling, a brand new function that allows customers to commerce tokens by means of their wallets utilizing their Binance CEX funds.
In line with the corporate, Binance customers can now straight commerce on-chain by means of the Binance Pockets tab with their spot or funding account balances utilizing stablecoins to entry tokens buying and selling on decentralized exchanges through the Ethereum (ETH), Solana (SOL), Base and BNB Sensible Chain networks.
“This function bridges the hole between centralized and decentralized buying and selling, offering Binance customers with a extra seamless approach to buy tokens on-chain.”
The brand new function comes as Binance CEO Richard Teng not too long ago revealed what he thinks are the elements that might catalyze the mass adoption of crypto belongings.
In a latest interview with crypto persona Scott Melker, Teng mentioned that crypto wants the help of regulators and establishments.
“Firstly, you want extra regulatory readability. As a result of for the early adopters, persons are embracing it with out readability. However for mass adoption to come back by means of, they should perceive that the regulators are trying into this area, they really feel adequately protected for mass adoption to come back by means of.
Secondly, you want establishments. As a result of with out establishments, if it’s primarily retail play, the value motion goes to be extraordinarily risky.
So with extra establishments, with extra buy-and-hold customers, and traders with a special time horizon, then the value motion will turn into a lot much less risky and the market cap will turn into a lot greater over time.”
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