Binance, Exchanges

Is FWT a Binance?

Binance, one of the world’s largest cryptocurrency exchanges by trading volume, has been exploring the possibility of launching its own decentralized exchange (DEX). The company has been tight-lipped about the project, but a recent job posting suggests that the DEX may be launched on the firm’s native blockchain platform, Binance Chain.

The job posting, which was published on Binance’s careers page on April 4, 2018, is seeking a “Decentralized Exchange Product Manager.” The successful candidate will be responsible for “managing all aspects of Binance DEX product development.”

This is not the first time that Binance has hinted at plans to launch a DEX. In an interview with Cointelegraph in March 2018, Binance CEO Zhao Changpeng stated that the company was considering launching a decentralized exchange:

“We are definitely exploring and researching the decentralized exchange space. I think there are benefits to a decentralized exchange, but there are also challenges.

We are still evaluating what technology to use. We don’t have any firm plans yet, but we are definitely actively researching it.”.

At the time of writing, Binance has not released any further information about its plans for a DEX. However, the recent job posting suggests that the project is progressing and that the exchange may be launched on Binance Chain.

Binance Chain is a blockchain platform that was launched in April 2018. The platform is designed to facilitate the creation of decentralized exchanges and to offer users a more efficient way to trade digital assets.

The launch of Binance Chain coincided with the launch of Binance DEX, a decentralized cryptocurrency exchange that is built on the Binance Chain platform. Binance DEX is currently in beta testing and is only available to select users.

It is unclear whether or not Binance plans to launch its own DEX on Binance Chain or if it intends to use another platform. However, given Zhao’s comments in March 2018 and the recent job posting, it seems likely that the exchange will eventually be launched on Binance Chain.

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