Binance’s venture capital arm announces an investment in a new cross-chain decentralized exchange (DEX) and bridge aggregator.
In a new blog postThe world’s largest crypto exchange by volume says it is investing an unspecified amount in interoperability DEX Rango.
Rango is a cross-chain exchange that aggregates resources and connects traders to the best rates on multiple blockchains, including Bitcoin (BTC), Solana (SOL), Tron (TRX), and Cosmos (ATOM).
According to Binance, Rango currently supports more than 60 digital assets, 70 DEX protocols and 20 bridges, bringing its total volume to more than $3 billion. As of June 19, Rango has processed more than 2.5 million crypto-related swaps and processes more than 3,000 transactions daily.
Traders can access Rango through popular crypto wallets such as Exodus, Compound, TrustWallet, and Binance’s own wallet.
Binance says that by focusing on decentralized finance infrastructure (DeFi), Rango will usher in the next billion DeFi users.
As Yi He, co-founder of Binance and head of Binance Labs, states in the press release:
“Rango’s range of services aligns with Binance Lab’s goal to support projects that support cross-chain development and innovation. We look forward to seeing Rango’s journey as it continues to shape the DeFi space.”
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