Binance proves to be quick with development; trumps the week with progress


On 10th December, the leading cryptocurrency exchange in the world, Binance, published a report that outlined the weekly success and developments in the ecosystem. In this round-up, the exchange listed the preview of DEX, the launch of the sub-accounts feature, CZ’s speech at Forbes Asia Forum and the Binance tattoo, and more. On Twitter, the official handle of Binance read:

“Last week @Binance.
1. New DEX preview video released @Binance_DEX
2. Sub-accounts feature launched
3. Binance Blockchain Week announced – follow @EventBinance for updates!
4. Support for BTC added on iOS @TrustWalletApp”

Recently, a preview of Binance’s new exchange, DEX, went live wherein the platform is intended to bring decentralization in the field of cryptocurrency trading. This exchange is believed to work in favor of the control of funds being in the hands of the customers alone.

Furthermore, in the preview launch, Binance also mentioned the things that a customer can do via DEX. Some of the features are: issuing new tokens, burning tokens, sending and receiving Binance Coin [BNB] and other tokens, freezing and unfreezing tokens and more. In the words of Binance:

“What can you do on Binance DEX?
Send and receive BNB to anyone on the DEX
Issue new tokens
Send tokens to others on the DEX, and receive some in return
Burn tokens as needed
Freeze some tokens, and unfreeze them later
Propose new trading pairs, with the whole community having a say on the merits of the pairing
Send buy and sell orders through trading pairs the community created”

Binance also recently added many pairs with a stable coin known as True USD [TUSD] wherein the tokens paired with the stable coin were Bitcoin Cash [BCH], XRP, Ethereum [ETH], Stellar Lumens [XLM].

Not only for itself but Binance has proved to be beneficial even for the society after it announced to dole out its listing fees to charity for the greater good. Furthermore, it stated that the company will not fix a number, including the minimum listing fee for the initiative.

The post Binance proves to be quick with development; trumps the week with progress appeared first on AMBCrypto.