CEO of the largest Cryptocurrency Exchange Binance was announced the date ‘Feb. 20’ for the Testnet of Binance Decentralized Exchange (DEX).
Changpeng Zhao (CEO) confirmed the date of Public Testnet of DEX Chain by tweeting on Feb. 12.
Binance CEO also answered most of the questions regarding Binance DEX in AMA session happened on Feb 7, 2019.
Binance DEX is one the biggest project of Binance on which they are working since Q2 2018.
Binance DEX will be available on Windows, Mac, Linux and on most of the Operating Systems.
As Bitcoin is decentralized then there must be a good decentralized like Binance with enough volume.
Security is the main concern with exchanges nowadays, after the hack of New Zealand exchange Cryptopia and the bankruptcy of the Candian exchange QuadrigaCx due to the death of the CEO.
Binance already proved the strength of their security systems and also there is great user-base on Binance, So we can expect the good volume on upcoming Binance DEX.
Binance DEX will be powered by the Binance coin BNB.
CEO promised that Binance DEX is fully decentralized, only users own their private keys. DEX will be supported by hardware wallets also in which Ledger confirmed its support already.