The world’s largest cryptocurrency exchange Binance has released a demo of its decentralized exchange, "Binance DEX". 👀 The video shows a very similar interface to its existing centralized exchange, with some additional features including an option to generate a 24-word mnemonic seed phrase for users’ private keys, a “balances tab” to inform users of the status of their accounts and a “user icon” in the navigation bar that shows individual wallet addresses. 😍

Binance DEX is built on its own Binance Chain, and is aimed to offer “low latency, high throughput trading, as well as decentralized custody of funds.”

Traders will also be able to send and receive Binance’s own BNB tokens and other coins via trading pairs. While BNB coins are currently ERC-20 tokens, it will soon be migrated to Binance Chain upon its mainnet launch. 👍

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