Binance, the largest crypto exchange of the planet for volume, has released a new function that bridges its services to the Decentralized Finance (Defi) world.
In a new one announcementBinance says that it introduces CEX at DEX (centralized exchange to decentralized exchange) trade, a new function with which users can trade through their wallets with the help of their Binance CEX funds.
According to the company, Binance users can now act directly on the chain via the Binance Wallet tab with their place or financing account balance using Stablecoins to gain access to to decentralized exchanges via the Ethereum (SOL), Base and BNB Smart Chain networks.
“This function bridges the gap between centralized and decentralized trade, giving Binance users a more seamless way to buy tokens on the chain.”
The new function comes when Binance CEO Richard Teng has recently revealed what he thinks are the factors that can catalyze the mass acceptance of crypto assets.
In a recent interview with Crypto personality Scott Melker, Teng said that Crypto needs the support of supervisors and institutions.
“First of all, you need more regulatory clarity. Because for the early adopters people embrace it without clarity. But to get through massive adoption, they must understand that the supervisors are investigating this space, they feel sufficiently protected by massive adoption.
Secondly, you need settings. Because without settings, if it is mainly retail game, the price action will be extremely volatile.
So with more institutions, with more buy-and-hold users and investors with a different time horizon, the price movement will be much less volatile and market capitalization will become much greater over time. “
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