Binance debuts centralized exchange to decentralized exchange trades
Crypto exchange Binance has launched a feature enabling centralized exchange (CEX) to decentralized exchange (DEX) trades. This innovation allows users to utilize funds directly from their Binance wallets for DEX transactions, simplifying the process by removing the need for asset bridging or manual transfers. Users can trade using Circle's USDC and other supported stablecoins on networks like Ethereum, Solana, Base, and BNB Smart Chain. The new feature integrates with tools such as Binance Alpha, which helps users discover new tokens, and the Binance quick buy tool. By streamlining the user experience, Binance aims to reduce the technical barriers that often deter new users from engaging with digital assets. Pedro Gomes from the WalletConnect Foundation highlighted the importance of minimizing transaction friction and improving interoperability in crypto wallets. Polygon's co-founders also emphasized the necessity of enhancing user experience for broader mass adoption of crypto, likening its current complexity to the internet's early days.
Source đź”—