Binance DEX adds option to trade ETH, with BNB/ETH trading pair.
Cryptocurrency exchange Binance has added the Binance Coin/Ether (BNB/ETH) trading pair to its decentralized exchange (DEX), according to a company announcement on Dec. 24.
Last week’s proposal is this week’s launch
The listing follows an initial proposal posted on the Binance community website a week ago by Binance CEO Changpeng Zhao, popularly known as CZ.
ETH BEP2 tokens will be issued on Binance Chain, pegged to and backed 1:1 by ETH assets held in a publicly disclosed reserve address. Binance will support conversion between native ETH and the Binance Chain equivalent through deposits and withdrawals.
This will provide an option for Binance DEX users to trade ETH on the decentralized platform.
There is also a project asset page on Binance DEX explorer.
Vitalik says Binance DEX more centralized than ETH
Coincidentally, Cointelegraph reported on a Twitter discussion just yesterday about Binance DEX, involving Ethereum co-founder Vitalik Buterin.
Buterin defended Ethereum against accusations of centralization, saying that Binance DEX “seems like a way better target” for such attacks, claiming that Binance DEX is “hardly decentralized” despite its name.
In contrast, Buterin suggested that Ethereum “merely has a few governance values that some BTC people don’t like.”
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.