Binance Reveals Testnet Release Date For Its New Decentralized Exchange.

Binance Reveals Testnet Release Date For Its New Decentralized Exchange.

2019-02-13 | Selina Mathew

Binance Reveals Testnet Release Date For Its New Decentralized Exchange.

In line with an official 'tweet' by CEO ‘Changpeng Zhao’, renowned cryptocurrency exchange named ‘Binance’ can launch a testnet version of its new decentralized exchange on 20th Feb. this year.

Binance Reveals Testnet Release Date For Its New Decentralized Exchange.

Binance DEX, plans for that 1st emerged last year, aims to offer a decentralised basis for cryptocurrency holders to trade tokens, removing liability and security hurdles related to standard traditional, centralized platforms.

The testnet release would be public, with Zhao requesting feedback from users within the same tweet today.

The date follows previous 'announcements' with additional details regarding [Binance DEX], that will embody support for cryptocurrency hardware wallets. This feature, Zhao stated earlier this month, would enable users to trade while holding their personal keys.

Promises of a testnet had circulated since Dec., with Binance since launching an OTC [over-the-counter] trading desk for major volume traders and other growth features.

At the time DEX was 'revealed', Zhao stated that he anticipated it running either in tandem with the genuine [Binance] platform or even replacing it altogether, betting on market reactions.

Binance, also plans to expand into atleast two new markets in 2019, a corporation spokesperson confirmed earlier in Jan.

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