Binance Launches DEX, Doesn't Yet List Trading Pairs
- DEX handled 8.5 million transactions during its two months long testnet period.

Digital asset exchange Binance today announced the launch of its much anticipated decentralized crypto Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term called Binance DEX.
This followed Binance’s launch of its proprietary blockchain - Binance Chain - last week, which will work as the backbone of the decentralized exchange.
.@Binance Chain/DEX related services;
- Web Wallet - Explorer - REST API - Accelerated Nodes Are now LIVE! Trading on #Binance DEX will go live as soon as the first trading pair is listed at a later date (TBA).https://t.co/003nYLLVX4 pic.twitter.com/yRI9Yq2MNn — Binance DEX (@Binance_DEX) April 23, 2019
Commenting on this development, Changpeng “CZ” Zhao, CEO of the exchange, said: “We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.”
“With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”
Centralized vs decentralized
Binance, in the initial phase, has included support for an array of wallets including Ledger, Enjin, Magnum Wallet, CoolWallet, Coinomi Wallet, Atomic Wallet, ZelCore Wallet, Infinito Wallet, Math Wallet, Ellipal Wallet, Guarda Wallet, Exodus, and its native Trust Wallet to its DEX platform.
Though users of the decentralized exchange have access to the blockchain explorer, wallet, public data nodes, and even APIs, the exchange did not list any trading pairs on the new platform. The official announcement only specified that “trading will begin at a later date.”
DEX - the new trend in the crypto industry
Binnace’s market competitors are also in the race to launch a decentralized platform. Last month, Malta-based OKEx revealed its plans to launch a similar decentralized platform while Huobi is already on its way to evolving into a standalone DEX.
Meanwhile, Binance Coin, the native currency of the Binance Chain, is becoming very popular in the community and has gained more than 25 percent in the last 7 days, as seen on Coinmarketcap.com.
Digital asset exchange Binance today announced the launch of its much anticipated decentralized crypto Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term called Binance DEX.
This followed Binance’s launch of its proprietary blockchain - Binance Chain - last week, which will work as the backbone of the decentralized exchange.
.@Binance Chain/DEX related services;
- Web Wallet - Explorer - REST API - Accelerated Nodes Are now LIVE! Trading on #Binance DEX will go live as soon as the first trading pair is listed at a later date (TBA).https://t.co/003nYLLVX4 pic.twitter.com/yRI9Yq2MNn — Binance DEX (@Binance_DEX) April 23, 2019
Commenting on this development, Changpeng “CZ” Zhao, CEO of the exchange, said: “We believe decentralized exchanges bring new hope and new possibilities, offering a trustless and transparent financial system.”
“With no central custody of funds, Binance DEX offers far more control over your own assets. We hope this brings a new level of freedom to our community. We will work closely with projects and teams to grow the entire ecosystem.”
Centralized vs decentralized
Binance, in the initial phase, has included support for an array of wallets including Ledger, Enjin, Magnum Wallet, CoolWallet, Coinomi Wallet, Atomic Wallet, ZelCore Wallet, Infinito Wallet, Math Wallet, Ellipal Wallet, Guarda Wallet, Exodus, and its native Trust Wallet to its DEX platform.
Though users of the decentralized exchange have access to the blockchain explorer, wallet, public data nodes, and even APIs, the exchange did not list any trading pairs on the new platform. The official announcement only specified that “trading will begin at a later date.”
DEX - the new trend in the crypto industry
Binnace’s market competitors are also in the race to launch a decentralized platform. Last month, Malta-based OKEx revealed its plans to launch a similar decentralized platform while Huobi is already on its way to evolving into a standalone DEX.
Meanwhile, Binance Coin, the native currency of the Binance Chain, is becoming very popular in the community and has gained more than 25 percent in the last 7 days, as seen on Coinmarketcap.com.