Binance.com has announced that they are realising a public blockchain on which they will build a decentralised exchange. I have seen some posts online that talk about KuCoin.com having the similar plans and Bitfinex has also recently announced that they are also making plans to launch a decentralised version of their exchange. Adding all these to the already existing decentralised exchanges means more competition in this space so we will start to see better built, user friendly decentralised exchanges.
As a result of the announcement yesterday, the Binance coin has soared over night in total defiance of this bear market. If you hold some BNB congratulations! Those are some good returns. Currently trading at $10.37 with a 27.29% increase in the last 24 hours according to CoinMarketCap at the time of writing this post.
Binance mentions in their announcement post that the end of centralised exchanges is not soon by any means. We are simply entering an era where both centralised and decentralised exchanges will co-exist. It will be a while before we can do away with the centralised exchanges completely.
That's it for now, see you on the next post!
-pinkdust
Articles around the web:
https://support.binance.com/hc/en-us/articles/360001668872
http://bitcoinist.com/bitfinex-build-eosfinex-first-decentralized-exchange-eos-io-platform/
https://itsblockchain.com/kucoin-is-the-next-revolution-in-dex/
my places
--Trade alt coins! Join Binance.com
---BUY BTC/ETH with visa/mastercard
----CEX exchange load account directly with visa/mastercard + withdraw with a chargeback
-----Get fiat without cashing out your crypto
(image: https://coindigo.io/cryptocurrency-news/binance-review-average-user/attachment/unnamed/)
This is not financial advise.