Binance Wallet has launched a new CEX-to-DEX trading feature, allowing users to trade directly using their Binance Exchange account balances across Ethereum, Solana, Base, and BNB Smart Chain.
With the launch of the new CEX-to-DEX trading capability, Binance Wallet offers users a smooth experience by enabling them to trade directly on the decentralized exchange (DEX) with the balances in their Binance Exchange accounts.
How Will The New Feature Help?
By bridging the divide between decentralized platforms and centralized exchanges (CEX), this innovation makes the Binance Wallet more accessible and user-friendly for a larger audience.
Without transferring money across platforms, users can now effortlessly execute token transactions across a variety of blockchains, such as Ethereum, Solana, Base, and BNB Smart Chain.
This action supports Binance’s larger initiatives to enhance user experience and streamline decentralized finance (DeFi) offerings.
Binance Wallet is increasing its usefulness for cryptocurrency lovers by providing greater flexibility, which makes it simpler to manage assets across many networks while maintaining the ease of centralized exchange account balances.
It is anticipated that this update will increase trading volume and further encourage the DeFi ecosystem’s expansion.
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Binance Holds Bedrock Token Giveaway
Binance Wallet is holding an exciting Bedrock Token Giveaway to commemorate the debut of the new CEX-to-DEX trade capability.
By verifying their involvement on the landing page, users can take part in the vent to win a token prize. Users must buy tokens using Binance Wallet with a total aggregate value of $50 or more using their funds from Funding Accounts or Binance Exchange Spot in order to be eligible.
Later, 100 Bedrock Tokens (BR), or about $10, will be given to participants in exchange. The fact that this offer is first-come, first-served gives individuals who are keen to take advantage of this unique offering a sense of urgency.
In addition to collecting incentives, the giveaway offers consumers a great chance to test out the new trading option.
How Will The CEX-DEX Exchange Work?
The bought tokens will be sent straight to the user’s Binance keyless wallet address when the trade is finished.
It’s crucial to remember that this transaction feature only works with Binance keyless wallets. Managing private keys is no longer necessary with a keyless wallet, which facilitates users’ safe access to their money.
Furthermore, by simplifying the token purchase process and incorporating the new tool within Binance’s ecosystem, this new feature further improves the user experience by supporting Binance Alpha and Quick Buy.
The goal of this action is to increase users’ comfort and accessibility in the cryptocurrency field.
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