Why is Binance launching its own blockchain? The answer to the question is buried deep within it.
Below are some of the reasons why the CryptoCurrency exchange is launching its own blockchain. “As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets.
Also, Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community.”
Binance CEO Changpeng Zhao, from his tweets it looks like Binance will launch a decentralized exchange that will operate alongside its existing exchange.
In addition to facilitating the trade of digital assets, the DEX will likely operate as a launchpad for new coins and ICOs.
In Where there are other top Cryptocurrency exchanges like Coinbase, bitfinex and others, Binance was brave and now it’s on course to become crypto’s very own Google, a turnkey solution for a complete range of cryptocurrency services.
Do you see other cryptocurrency exchanges launching their own blockchain soon? Drop your comments below and subscribe to our newsletter too.