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18 August 2022
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Exchange & Wallet News

Binance will launch DEX mainnet this month and will expand to Singapore

Binance, the world’s largest cryptocurrency exchange, made a number of important announcements on 4 April.
Changpeng Zhao, CEO of Binance, made the announcement at Deconomy, a cryptocurrency-related conference in Seoul, South Korea on April 4 and 5.

@ cz_binance will be speaking live at @Deconomy_forum shortly on “Centralized vs Decentralized”. From the look of his slides, there may be something to watch out for # deconomy2019 #Binance #ProofOfBUIDL
Can you guess what they are? pic.twitter.com/ujhUwA4UaU
– Binance (@binance) April 4, 2019

The mainnet of the decentralized exchange (DEX) of Binance will finally launch in April. Further details about the launch are still unknown. The test version of DEX already went live on February 20. Crypto Insiders reported earlier, with more information, about the DEX from Binance.

“@Binance_DEX anticipated mainnet launch will happen this month” – @cz_binance # deconomy2019 #Binance
– Binance (@binance) April 4, 2019

The next announcement that Zhao made concerns the launch of Binance in Singapore. Binance will also launch a fiat-to-crypto exchange in Singapore, also in April, although it is not yet known on which day this will be exactly or which cryptocurrencies will be available.

“#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange service $ SGD” – @cz_binance # deconomy2019 #Binance
– Binance (@binance) April 4, 2019

The third announcement concerns the cryptocurrency Tezos (XTZ) that has been added to the Trust Wallet, the official crypto-wallet app from Binance. Binance is also working on a strike function for Trust Wallet that should make it possible to save Proof-of-Stake (PoS) cryptocurrencies.

# Binance & # 039; s official crypto wallet @TrustWalletApp announced support for @tezos $ XTZ with strike set to launch in Q2. https://t.co/ljT4824noU
– Binance (@binance) April 3, 2019

Tezos is currently in the top 20 cryptocurrencies with a value of $ 0.902676 and a total market value of around $ 600 million at the time of writing. The news so far does not seem to have a positive impact on the price.
Earlier this week, Binance announced the following initial coin offering (ICO) for the Launchpad platform: Matic Network (MATIC). The ICO will start on April 24.

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