Changpeng Zhao, CEO of the world’s second largest crypto exchange by adjusted volume Binance, has revealed that the company will launch its decentralized trading platform later this month. This development was reported by a Cointelegraph correspondent at the Deconomy conference in Seoul.
Zhao, most known in the industry as CZ, is attending Deconomy — a crypto conference held in South Korea from April 4-5. Speaking briefly at the panel dubbed “Centralized vs Decentralized,” CZ has made two major announcements.
According to CZ, Binance DEX — a decentralized crypto exchange powered by Binance’s blockchain — will become fully available in April. Further details on the launch have not yet been provided.
Another announcement refers to the launch of Binance Singapore: CZ has stated that its fiat-to- crypto exchange servicing in the country is also set to launch in April.
Binance launched the testnet for DEX in late February. At the time, users were allowed to create wallets and start exchanging tokens on the Binance DEX. The platform will reportedly support secure decentralized software and hardware wallets.
Binance’s Trust Wallet will also be integrated with the exchange, along with the Ledger Nano S. More compatible wallets might also be added after the launch.
Yesterday, Binance also revealed that its Trust Wallet is preparing a new staking feature to launch by the end of Q2 2019. Moreover, the exchange has added support for Tezos (XTZ) — currently the 19th largest currency by market cap, according to CoinMarketCap.
Also this week, major crypto exchange and wallet Coinbase announced that they were also launching Tezos staking.