General information on DEXsĭEXs are becoming increasingly more popular, mostly due to the following factors: Use our Exchange Finder to find exchanges where US-investors can trade. If you’re from the US and you’re looking for the trading platform that is just right for you, don’t worry. The below infographic shows better than we ever could do how to start an account with the Binance DEX:Īs many other exchanges, Binance DEX does not accept US-investors on its platform. Safety and security, low trading fees and user friendliness are however factors that are nothing but positive. The fact that it is a community initiative is not that important to us, and there are both advantages and disadvantages with DEXs (see more on that below under General information on DEXs). Binance DEX AdvantagesĪs its main advantages, Binance DEX states that it has low trading fees, that it is decentralized, that it is safe and secure, that it is user friendly and that it is a community initiative. Source: CRVUSDT on įeatured image from iStock, chart from TradingView.Binance DEX is a decentralized exchange (DEX) that launched in February 2019. CRV’s 1.7% uptrend in the last 24 hours on the 1-day chart. Overall, deploying the platform to BNB Chain aligns with its goal of expanding its presence across multiple chains and reaching a broader user base.īy leveraging the advantages of BNB Chain, such as enhanced scalability, lower transaction fees, access to a large user base, cross-chain interoperability, and exposure to the Binance ecosystem, the protocol can contribute to the growth and development of the DeFi ecosystem. This exposure opens doors to potential partnerships, collaborations, and increased visibility among Binance users, further strengthening Curve’s position in the market. Binance, one of the world’s largest cryptocurrency exchanges, operates its ecosystem on BNB Chain. Related Reading: Aptos (APT) Volume Remains Extremely High, More Gains Ahead?ĭeploying Curve to BNB Chain can expose the protocol to the extensive Binance ecosystem. We look forward to collaboratively fostering innovation and growth across the DeFi ecosystem.Īccording to Binance Labs’ announcement, Curve’s Automated Market Maker (AMM) platform has revolutionized liquidity provision in DeFi, offering hundreds of incentivized liquidity pools with low slippage and transaction fees. We view this cooperation as a starting point and look forward to working together to further propel the growth of the DeFi ecosystem.Ĭurve Founder, Michael Egorov, acknowledged the significance of the collaboration, stating:īNB Chain has earned a significant presence in DeFi and is well-positioned to deploy Curve’s current and future products on its chain. Given the recent events that have impacted the protocol, Binance Labs has offered our full support to Curve through our investment and strategic collaboration. Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm about the collaboration, stating:Ĭurve is the largest stableswap, and as a key protocol in DeFi, it has contributed to the steady growth of the space in 2023.
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