Binance, Exchanges

Is PancakeSwap Owned by Binance?

PancakeSwap is a decentralized exchange built on the Binance Smart Chain. The project was launched in September 2020 and is currently the largest DEX on Binance Smart Chain with over $5 billion in total value locked.

The native token of PancakeSwap is CAKE, which is used to stake and earn rewards. Staking CAKE gives users access to a variety of benefits such as gas fee discounts, voting rights, and a share of the platform’s transaction fees.

PancakeSwap is not owned by Binance, but the two projects do have a strategic partnership. Binance provides PancakeSwap with liquidity and marketing support, while PancakeSwap helps to grow the Binance Smart Chain ecosystem.

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