The first five coins that will have this fate are the following: CloakCoin (CLOAK), Modum (MOD), SALT (SALT), Substratum (SUB) and Wings (WINGS).
Starting tomorrow, users will not be able to trade these coins anymore on the crypto exchange, but they can continue to withdraw their coins.
Binance DEX is open to public testing
Binance has been working to develop their decentralized trading platform for quite a while, and now, it’s finally open for public testing.
With Binance DEX, crypto traders will have their own private keys instead of having to trust a centralized exchange to keep their keys safe.
Binance said that they would be gathering feedback from the public before they will eventually provide a commercial release of the DEX.
Offering Binance’s best features in a decentralized setting
”Binance Chain has near-instant transaction finality, with one-second block times. This is faster than other blockchains today. Ethereum takes about 20 seconds and Bitcoin averages 10 minutes for network confirmations, with the possibility of rollbacks that do not occur on Binance Chain.”
CZ continues and explains that “With Binance DEX, we provide a different balance of security, freedom, and ease-of-use, where you take more responsibility and are in more control of personal assets.”