Binance, Exchanges

What Is DeFi Binance?

Decentralized finance, or “DeFi,” is a term used to describe the shift from traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technologies built on the Ethereum blockchain.

Binance is one of the leading cryptocurrency exchanges in the world and offers its own decentralized exchange, Binance DEX. Binance DEX is a decentralized exchange built on the Binance Chain blockchain that allows for fast, secure, and decentralized trading of digital assets.

NOTE: Warning: Binance’s DeFi products may be complex and risky, and your capital is at risk when investing. Investors should always do their own research before investing and be aware of the risks associated with the use of DeFi products, such as lack of liquidity, price volatility, and counterparty risk.

What Is DeFi Binance?

With Binance DEX, users can retain full control of their private keys and trade directly from their own wallets. Binance DEX also features a built-in order book and matching engine that can handle up to 1 million transactions per second.

Binance DEX provides a great way for users to trade digital assets in a decentralized manner. However, it is important to note that Binance DEX is still in beta and is not yet available to the general public.

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