Briefing: Binance to complete rollout of new decentralized exchange this month

By Miles Goscha
1 min read

CZ: Binance DEX Mainnet to Launch Later in April – Cointelegraph

What happened: Binance CEO Changpeng Zhao, known as CZ, announced Thursday at the Deconomy crypto conference in Seoul that the company’s blockchain-powered DEX trading platform will become fully available in April following the February launch of its testnet. According to reports, DEX will integrate both digital and hardware wallets, including Binance’s Trust Wallet mobile app and the Ledger Nano S, the former of which is in the process of adding a new staking feature.

Why it’s important: This news coincides with Binance’s announcement that its new Singapore exchange will begin operations in April. In a tweet on Thursday, it said that the Singapore exchange “will be our next Fiat-to-Crypto exchange servicing $SGD,” or the Singapore dollar. This is largely in line with Binance’s efforts to expand globally, and follows its January launch of a fiat-to-crypto exchange on the British self-governing island of Jersey. Binance has also just added support for Tezos (XTZ) following Coinbase Custody’s launch of Tezos staking services last week.