Binance’s CEO and founder, Changpeng Zhao, had announced almost a week back that Binance’s Decentralized Exchange [DEX] will be launched later in April. On April 18, the Binance Twitter handle hinted towards the “birth of a new genesis block”, which could be interpreted as their own Binance chain that houses its Decentralized Exchange [DEX] and Binance coin [BNB].
Today marks the birth of a new genesis block.
Who’s ready? pic.twitter.com/AF1hVtFXzt
— Binance (@binance) April 18, 2019
Even though Binance has previously slated the launch for sometime “later in April”, this announcement could be the precursor to the expected launch of DEX. The decentralized exchange is going to be built upon Binance Chain, as CZ too commented on his personal Twitter handle.
The CEO retweeted the tweet by Binance and said:
Earlier this week, Binance’s Chief Financial Officer, Wei Zhou spoke at the Paris Blockchain Week Summit [PBWS], where he informed the audience that the Binance Chain testnet was in operation and the company hoped the mainnet would be launched by the end of April.
Following the Twitter update by Binance, Binance coin [BNB] has been spiking. It grew by 5.73% over the past day. BNB was valued at $20.80 with a market cap of $2.93 billion. It noted a 24-hour trading volume of $281 million, as it noted a seven-day rise in its price by 19.88%.
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