Binance demonstrated its decentralized exchange

[Tipstar]

Binance's CEO, CZ demonstrated the highly anticipated decentralized exchange of binance which uses the BNB token as gas on a video.
The exchange looks to have a barebone GUI already as he compiled it from a GIT. Still it's a huge improvement towards a DEX people trust.

https://www.youtube.com/watch?v=9R9LrKgL__A

[Hct2005]

People will always like DEX to remain anonymous and we will always have control on our own asset. We never know what will happen to centralized exchange that is why it is always good to have a safety net in place.

[SoliDCoiNs777]

DEX does have a goodwill in the market, even if the one behind it is anonymous. The people in the market does have high hopes from this.

[santaluis88]

This is an indispensable trend, because of the transaction focus of the floor and the monopoly hold the coin of the customer. A lot of hacking, floor trading floor trading, investors now do not believe in trading platform. Emerges the need for trading places and protects your own assets

[kipozer]

All this is very cool, but still I do not think that now you can already talk about it seriously. Probably in the future Binance can really do something good, but so far I see nothing except prototypes.

[Yudhisthir]

We badly needs a proper dex and I believe Binance's dex would change the standard of online crypto dex as Binance did redefined the standard for crypto exchange.
Currently dex are characterized by slower transaction, higher fees and difficult GUI, hope binance's dex would solve them all.

[butka]

Good news for binance and good news for every crypto enthusiast really. Also very interesting video to watch.

It's all command prompt commands for now, but I suppose the front end (user interface) is easy to make once you have a fully functional back end code.

The guy in the video says they delivered the first version of the exchange code one or two months earlier than planed. So hopefully we will have a fully operational DEX soon.

[Nalbo]

That was cloning and building of the git.
And from the video, we can expect a clean and simple interface to trade with and the fees to be used would be BNB which would enable to trade between any two coins among sellers and buyers

[goldencrypto7100]

The fact that DEX is anonymous, is what has managed to get the attention of the people. And the majority would like it to remain this way.

[steve_rogers321]

Most crypto enthusiast want decentralized exchanges. Although most people use centralized exchange, they’ll learn about DEX’s use in the next few months. DEX ensures more safety and anonymity. Binance is already a trusted exchange on the market and probably the number one. So trader will be happy to move to their DEX exchange without any doubt.

[Palider]

Binance's CEO, CZ demonstrated the highly anticipated decentralized exchange of binance which uses the BNB token as gas on a video.
The exchange looks to have a barebone GUI already as he compiled it from a GIT. Still it's a huge improvement towards a DEX people trust.

https://www.youtube.com/watch?v=9R9LrKgL__A

This is a good update for binance, im hoping that binance's dex will fix all issues regarding existing dex. This is why I really want some of my coins be listed in binance since the management there is really active towards what is needed by the community.

[vladaziya4]

There are always ways to get out of the situation. It is necessary to fully study this structure, and then transfer it from your wallet. Thank you.  I think so, since you can remember the old days when it was the peak of the beginning, many did not believe it, but when everything grew, everyone who did not buy regretted it.

[kingzpro]

It will be a good thing as long as binance keeps this project as an independent and separate from the main or centralized exchange because the working binance exchange has millions of members and majority of them are happy with the exchange and they do not want to change it.

[powerman24]

This is excellent news as DEX has many advantages. Hopefully it will be more user friendly than the existing ones.
For me Binance is the most trusted exchange and when it goes live  I will leave all the shit DEXs I am using currently .

[WalkerIVIV]

Binance's CEO, CZ demonstrated the highly anticipated decentralized exchange of binance which uses the BNB token as gas on a video.
The exchange looks to have a barebone GUI already as he compiled it from a GIT. Still it's a huge improvement towards a DEX people trust.

https://www.youtube.com/watch?v=9R9LrKgL__A

that's look very nice idea. use the binance token as a gas will give you a huge advantage and i guess that will give more utility to the token itself and i will believe there will be more feature to be introduced by binance regarding its decentralized exchange site in the future. i think that you can see more people will try to buy binance token.
but is there an emission for that?

[coinages]

DEX has always been favorite to the people as it remains anonymous. And people will always have the full control over their asset. It is wise to have a secured and safe net in place as centralized exchange is unpredictable. People don’t know what will happen!

[PureDefender]

People always liked DEX as it remains anonymous. People like this because they have the full control on their money. People don’t know what is going to happen in the centralized exchange system as it is wise to have a safe and secured net place.

[covfefe_]

Phising has been a large problem for DEX sites. How binance's dex would be able to solve the phising attacks would be the decisive  factor for the success of the said dex. On other matters, we could expect everything better than current dex when it's coming form binance itself.

[AceDeep69]

Naturally, there is a possibility of any good venture profit, I think it is such a possibility that I am hoping to use it but I have to know better about this.

[GreenInformation547]

There are both centralized and decentralized exchange. Many prefer centralized and many decentralized. Hope it's will be user friendly who prefer decentralized exchange.