One of the world's largest Hong Kong-based Cryptocurrency exchanges, Binance, will launch a decentralized crypto trading platform (DEX), which will be released in Q1 2019 or April this year.
Binance's CEO, Changpeng Zhao, gave his comment, that the time needed to make the block will not exceed one second, while the transaction will be processed instantly and only requires one confirmation.
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Users can also control their funds because the private key is in their rank. Even so, customer funds will be protected by decentralized applications with independent server infrastructure, this will provide a solution to protect the exchange market in the event of a hacker attack
"Binance DEX is a decentralized exchange built on the Binance Chain, an upcoming blockchain where the BNB will be an original coin. A community initiative, DEX is being created with developer support and Binance technology, and is set to be released in early 2019, "the company said in a statement.
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Binance Coin (BNB) is a token based on the standard ERC-20. However, BNB will be migrated to the Blockchain Binance Chain network which will be launched over the next few weeks.
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