Binance CEO Changpeng Zhao took to Twitter to announce the first version Demo of its Decentralized Exchange (DEX). In March this year, Binance had announced that it plans to launch a new public blockchain called Binance Chain, to enable decentralized cryptocurrency trading. CZ demonstrated the Binance Chain/ DEX on YouTube, indicating that the team has made good progress on its new project by delivering a demonstrable version earlier than he expected.
“Honestly, this happened much earlier than I anticipated. It is still very much in early stage development. Don’t expect too much,” said CZ as his team went on to demo issuing tokens, listing of tokens and crypto-to-crypto trading on the DEX. The major portion of the footage comprised of a command line terminal which showcased basics around token listing and trading on Binance Chain.
CZ signed off saying that, “There’s still a ton of work to be done to turn into a final product. The team’s working on it very aggressively. And nevertheless, this is a major milestone for Binance Chain. We will keep you guys up-to-date from time to time.
Binance is the No. 1 crypto exchange globaly.binance has already started fiat to crypto trading in several countries. After this announcement BNB price moveing upword.