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.
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.