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There are a lot of discussion of new DEX from Binance being released soon on its own blockchain with BNB tokens. Lets clearify a few things so nobody inside our community will have misunderstanding about what is taking place.

Nowadays founders of centralized cryptocurrency exchanges try to transfer them to decentralized one as CEX fall under various regulations. However, to make such transformation in the way that decentralized exchanges work properly and quickly and have the liquidity is almost impossible. Either something like DEX is done, or DEX is done which works slowly. There is no possibility for the moment to make a secure blockchain with 1 billion transactions.

Everyone is aware of DEX from Binance. Binance took an existing solution on the Tendermint, changed it a bit and made its own blockchain. Such blockchain will consist of 11 nodes that will work on the principle of proof-of-stake, i.e. those who will have more binance tokens will make decisions. Half of the nodes will belong to the Binance. It turns out that there are only 11 transaction confirmation centers so it is very hard to name such platform as decentralized one. For example, EOS also has only 21 nodes, which provide the governance on the blockchain, but these 21 nodes are those which have been already selected and another 200-300 nodes are in the queue for the moment.

Governance at DEX decides which projects to list or not to list. A listing at Binance DEX will cost $ 100,000 in binance tokens. Blocks will appear every second, that is, transactions will be so fast that they will be able to fit the entire volume of transactions that are at Binance CEX now. But the truth is that they will fit the deals of those users who trade with each other and who place limit orders, but there are 10-15% of such deals at the exchange. The rest of the volume, which is inflated by market makers, will not be there. In the first days of the Binance DEX operation, it will be clear what real volume is. The founder CZ says that they want to list all the tokens, but they do not have enough technical power to do this. On the other hand, he claims that Binance DEX can turn around the 10 times volume. There are a number of nuances. Firstly, it is a fear to list new tokens. Secondly, few people are now ready to pay 3-5 million dollars to be listed at the Binance DEX.

One more thing is that you do not trade tokens at Binance DEX, but trade b-tokens, at the rate of 1 b token to 1 real token. In order to exchange your b-tokens for regular tokens, you need to come to CEX in any way. This is all done in order to increase the rate of bnb.


There are two different technologies that are necessary to distinguish. They are Binance DEX technology as a cryptocurrency exchange and marketing company in order to make a pump of binance token. The founder of Binance says that there are a huge number of projects that are ready to do ICO with the help of a launchpad on the Binance blockchain and they will be given a priority. And now all start-ups will seek the opportunity to be placed there, but before they come there in addition to the BitTorent Binance DEX need to place Netscape Navigator, Qip, WinRAR, Skype, as there are a large number of companies that are dying without a token. (smile goes here) So, they can be tokenized and brought back to life by placing them in the blockchain of Binance.

A kind of ecosystem is being developed in which the token of Binance is used. The more binance tokens are kept in the stack, in the node that verifies the transaction, are used as a bitcoin substitute tokens, which are traded at the IDEX and as an investment in ICO the bigger reduction in circulation and reduction in supply are caused. And when some projects need to buy bnb tokens and pay 100,000 dollars for the listing at Binance DEX, they will come to the market, but no one will sell bnb tokens to them. Such cases will cause an increase in prices of bnb tokens. So the truth is that CZ has created a good market condition for increasing of the bnb token price, but the Binance DEX is not decentralized cryptocurrency exchange as it is. But as the mass do not use DEXes, Binance gave us a hybrid of a private blockchain in order to trade and make an imitation of DEX.

One more interesting fact is that Binance declares that you can immediately trade from your hard wallet at DEX. You connect it in 2fa, synchronized it in blockchain and your keys remain with you and the exchange cannot do anything with them. However, the keys are stored in the private blockchain of Binance. But the truth is that it is an enterprise blockchain solution in order to pump bnb token.

The more transaction in the blockchain, the less security. There will be a lot of transactions in the Binance DEX and thus the question arises if there is any problem with the Binance services, whether the Binance will be held the responsibility. Perhaps this is the first step of decentralization. But for now, this is a very successful, very good, excellent marketing campaign, which pretends to be not what it is.

What does DEX mean? decentralized exchange.lol
I guess Binance DEX will bring a different perspective to the meaning of decentralized exchange. Until now, the decentralized exchange seemed useless, but many things will change if the name is Binance.

Yes. DEX means Decentralized Exchange.



It looks like Binance has huge plans on remaking the overall tokenization landscape. Alone with DEX they have launchpad where ICOs will take place using BNB (Binance Token). So you make an ICO with greater chance to be listed on Binance Exchange. If not listed on Centralized Exchange you get listed on Binance DEX. The difference in listing pricing (rumors):
Listing on Binance Exchange - $4-5 millions
Listing on Binance DEX $100 K

Lets see where it will lead us.

BinanceDEX will not only bring up its own decentralized exchange, rather it will also transform the face of decentralization as a whole. Before it is lunched, its already being propagated and many are now aware that it will be lunched and are seriously waiting for it. Just recently, the news has also made BNB to increase in price, which means that by the time it is lunched and i use, BNB will be made to migrate to the Binancechain, because the DEX will be on its own blockchain and will definitely cause more increase in its price.

So its not even a real DEX if it requires "wrapped" tokens

I don't think non-central exchange is useless. There are a lot of traders participating in decentralized trading floors to hunt for cheap tokens and surf easily. I and more than 20 people in my group are still surfing at decentralized exchanges and it is quite effective.
But the problem here is that Binance's security is as certain as it was at the beginning after it was decentralized. Investors believe in Binance because their security system is good, and this decentralized news seems unlikely if it encounters any minor problems.

Recently registered on this exchange.  I read a lot of information and the exchange likes it more and more.  Decided to make deposits.  Need to examine your information

I dont believe right now any exchange is fully decentralized. There are many exchanges trying to become decentralized one day. But to achieve that there is need a lot of developing. One of first exchanges that tried that was https://bisq.network/ at that time named Bitsquare. They started developing before 2013. I believe they are most decentralized of all exchanges at this point of time.

Binance still has a fully control over its exchange site and it means if that was not truly decentralized exchange site. I have heard bitsquare but there was a possibility if that could be centralized too.
Some people said there was no true dex.

Do you really think that DEX will help mass adoption? Or what do you mean by that message?

I think that DEX is useful for more qualified people rather than mass adoption. Remembering way back the flipping activity and also trading for groups that like to stay unknown.
Due to the lack of interface and UI it is not helping mass adoption. Binance DEX is better than what we saw before: loads quicker, interface a bit nicer. But lets be honest which exchange has more users: centralized or decentralized? And the reason is mostly in user friendlyness (in terms of UX and UI) and ability to have orders of varius size being matched. May be Binance will somehow cross match with orders from centralized exchange and that will do it. We will see.

BNB is Binance's coin so it has a good future. Its price continues to rise for a short time. Binance DEX is a new development of Binance but we need differences in the market. We can't say anything when it still doesn't work.

Right. Look at SEC applying fine to the founder of etherdelta. That example showed that everybody is under the gun.

The only question is why the trading volume is that low?
https://coinmarketcap.com/exchanges/bisq/ (https://coinmarketcap.com/exchanges/bisq/)

I think Binance will give a really high-quality product, and this will be the first exchange that is really convenient for users.

Looks like Binance can push another wave of ICO/STO/Other crowdfunding using cryptocurrency if their launch pad will start working the way they plan it.

I can't believe it that Binance will create complete DEX! I think they want to make a profit from all areas on crypto world. But they won't want to loose control on their platform what ever happens. It names maybe DEX but I don't think it won't.

Binance DEX is not true decentralized exchange, I would rather say that it is a hybrid exchange.
They want to start with only few nodes and that makes it centralized.

I hope so.
The big problem with any dex up until now is that they are not user friendly at all.

since they are enforcing KYC on nearly all of their users nowadays and also they are under a lot of pressure from the government and that will only increase over time, i am going to say with confidence that what they create is NOT going to be decentralized.

basically every time you see a "company" create something, it can not be decentralized and even if they call it that, it won't make it so.

Exchange concentrates are not necessarily useless, but they still do not have many advantages over centralized exchange. But Binance is developing a product that has the advantage of concentration and decentralization like Binance CEO said. Also one thing that makes Binance DEX not completely decentralized is that it will charge $ 100k for any coin that wants to be listed on it.

The fact that half of Binance Chain nodes will belong to Binance proves that DEX is not quite decentralized. But we will see how that thing will go. Gaining popularity will make some people parse into database the chain records and if something changes shit will float above water anyway. That is some kind of overvwatch. Lets see what the chain will look like.

I hope that more exchanges will follow Binance and they will create decentralized exchange solutions and then crypto will be finally decentralized.
Vitalik Buterin has same opinion about that.

bnb will go up ofcourse. because of launch pad. when natural demands to binance token will increase for the ico launches, price will increase more and more. bnb is one of the good things to invest.

those are two difference questions that are somewhat unrelated.

first binance is a centralized exchange and even if they create something and call it DEX it won't be decentralized, it will only have the illusion of it. and if i wanted to use a DEX i would choose one of them that is actually decentralized not this one. but i would continue using the centralized version of their platform which is binance.com website

second is BNB price, it doesn't matter whether their new platform is a DEX or not, BNB can get pumped with the hype alone or it can get dumped as whales take advantage to unload their bags.

Does this apply to all tokens or only to BNB tokens? Is people really required to go through Binance CEX before and after using their DEX? In any case, and based on the information provided in this thread, I would say that their DEX will be just a non-custodial exchange.

There is not. I am telling you. For BisQ I know that is case of dispute solving that dispute is still centralized. But they plan to fix that in future.

considering Binance there was a lot said on twitter: https://bitcointalk.org/index.php?topic=178336.msg49874446#msg49874446

If binance comes up with a quality interface that represents newbie and user friendly features with no lagging im sure this will put a huge positive effect on bnb value as well.

Binance decentralized exchange ?? NO bro, binance is centralized exchange the have support to help us, the keep our data, keep our email. so isn't decentralized, But if talking about exchange i prefer centralized than decentralized, And i think many people also choose centralized like Binance, About price of BNB, will increase for sure because backup by binance exchange

I believe binance are working on making their exchange fully decentralized which is a good thing and might likely drive the price of BNB token up. Many traders this days prefer to trade on decentralize exchange than a centralized exchange because of being anonymous. People don't want to be monitored on what they do with their money and that's why does that embrace blockchain did in the first place.

I think that Binance DEX is a hybrid exchange. I think that it’s not very bad that Binance Dex works on a centralized blockchain. It’s important that Binance continue to be a good conscientious exchange.

It has only a few nodes, how it can be called as "decentralized" exchange ? ???

Op post is a bit confusing. In one part he said the tokens will be listed for free and in another part said developers will pay $100,000 in bnb to list on the decentralized exchange. How much exactly is going to be paid for listing?

How permissionless is the exchange by the way? . Why does the exchange hold people's private? It is a bit scary idea.

The rumors say listing on DEX will be $100.000. Take into account that you will be trading tokens on Binance exchange which are equivalent of tokens or coins and not the coins. So it will be BTC-B and not BTC.

That is right. We will see what will happen next.

Is Binance really going to start its own decentralized exchange like Idex or ForkDelta? I think it will be quite an interesting thing as Binance credibility is already well known across the crypto community. This will lead to an unprecedented growth in its BNB token too.  8)

DEX is not an hybrid exchange site but the developer still has the full control over the exchange site dude. But this party can be trusted and it's not a big problem as long as the team can still become the trusted guys.

As you know binance DEX is going well and will be upgrade more their DEX in coming days and BNB will grow more in future and more token will be trade able in binance DEX in coming days.

It is impossible to guess the things at the beginning of their DEX platform because with the HYPE the price of BNB is kept increasing, Yes, DEX platform is one of the major improvement for the companies launching their ICO under this Binance blockchain.

That is right. The worlkflow where you can launch an ICO, collect funds and then get listed at least on DEX within one ecosystem can become a game changer.

Bnb is a very powerful asset and must be in everyone’s portfolio in 2019. CZ knows his business and gives money to ordinary people, while enriching himself. Dex, for listing on which they will collect $ 100k in equivalent bnb, own blockchain, Lauchpad, constant burning of tokens and constant contact with the community. CZ is the main fomo maker at the moment and it would be foolish not to hold bnb right now.

It is not only about the trust. They can get hacked or lose money or tokens some other way.  When that happen to centralized exchange everyone's coins are in danger. In decentralized exchange they are nto since you control your coins until you dot exchange and then you control other coins. They dont hold your founds. So no risk. No cold wallets no nothing.

Yes, they do.
https://www.binance.com/en/blog/304867000443084800/Binance-Launches-DEX-Testnet-for-the-New-Era-of-PeertoPeer-Cryptocurrency-Trading
But it wasn't fully decentralized just like what the others are talking about it. IDEX isn't also fully decentralized if you are still not aware of that.

Yes, Binance is popular and they are taking it to the next level. Let's see on where their DEX is heading.

This is the difference between centralized and decentralized ones where on dex they dont hold your assets and do trade it p2p.The only problem with hacking on dexes is on where
it do have redirection just like what happened on Etherdelta as far as i remember.

Quite a wise move on making their own DEX. They do really utilize their current popularity while considering on making one.So,we shouldnt surprise if this
DEX would really gain traction or being dragged up itself on the popularity of their current centralized exchange.

no matter how credible or reputable thier site is  , there's still a chance that they can get hacked . so dont be too confident enough mate  but still the idea of binance making a dex exchange is still great  . as they can give way to the bounty huntes or airdrop hunters like me   .  i think ill have my new favorite aside from etherdelta and forkedelta .

meanwhile , the price of bnb tokens will still depend on the demand  . if many people buy it then the price will rise but if not then the price will still be stable .

That's the beauty of decentralized exchange, everything still in your control you just have to make sure that you are keeping your
tokens inside a safe wallets and all the necessary precautions has been done.

For sure this DEX exchange will have impact with binance coins, knowing the team behind will make traders confident to use the exchange.

They have been considering that because the emergence for decentralized exchanges is about to come. People loves to here "decentralized" and that's all they can do so they won't lose their millions of customers trading on their exchange.

DEX is gaining it's popularity a little by little and through this kind of development binance did, they aren't outdated with what's current with cryptocurrencies.

The interesting part is that on DEX we are trading not BTC, but BTC-B - token of Binance Chain that is equivalent of BTC. You will still need to have an account on Binance Centralized Exchange to withdraw BTC from DEX.

I hope after releasing Binance Dex platform they will use all the smart contract platform like Ethereum blockchain coins, NEO blockchain coins, and Binance blockchain coin. ( Maybe these are my expectations because binance will always focus on future aspects of their develooment).

Binance will do it. Sometime ago when they announced their coin info portal. Back at that time it was only logo and some information about the coin. Now they have price charts.
Take a look yourself https://info.binance.com/en/currencies/ethereum (https://info.binance.com/en/currencies/ethereum)

They have progress. So they will with DEX and launchpad.