Binance’s decentralized exchange to launch this month

Binance’s decentralized exchange, Binance DEX, will be launched this month, CEO Changpeng Zhao announced recently.

Earlier in February, Binance’s blockchain platform Binance Chain and Binance DEX entered public testnet phase. The company also announced $100,000 rewards in tokens for testing Binance DEX.

During his keynote speech at Deconomy 2019 in Seoul, Zhao made two major announcements – the launch of Binance DEX in April, and Binance Singapore also to launch its fiat-to-crypto platform in April, which will allow users to buy cryptocurrencies using Singapore dollars.

Last week, Binance announced that its official crypto wallet app, Trust Wallet, will soon allow users to stake crypto. This means that users would be able to hold cryptocurrencies in their wallet and receive staking-related benefits inherent in certain tokens. In addition, Trust Wallet has also added support for Tezos.

Furthermore, Binance’s token launch platform, Binance Launchpad has announced the fourth project of the year – Matic Network, a platform for scalable and instant blockchain transactions. The token sale will launch on April 24.

“During the launch of Matic, Binance Launchpad will implement its new lottery format to ensuring more fairness and transparency,” Binance said.