Binance, the world’s most popular cryptocurrency exchange, has released the second sneak preview of its upcoming decentralized exchange (DEX) built on the Binance Chain, the company’s own blockchain.

While Binance CEO Changpeng ‘CZ’ Zhao initially thought the exchange giant could release the DEX by the end of 2018, the latest preview reveals that it should be launched sometime in 2019.

Binance DEX is a decentralized exchange built on top of Binance Chain, an upcoming blockchain where BNB will be the native coin. A community initiative, the DEX is being created with the support of Binance developers and technology, and is set to be released in early 2019.

The video shows a polished user interface that matches the current centralized Binance exchange platform. The DEX is designed to allow greater freedom, where users can send and receive Binance Coin (BNB), issue new tokens built on Binance Chain and invest using community-created trading pairs.

BNB is currently up 4% on the day to $6.18, giving the largest exchange token an $808.8 million market cap and making it the 12th largest constituent in the AltDex 100 Index (ALT100).

More: Binance DEX Preview 2
Related: Binance’s Decentralized Exchange Beta Could Be Released This Year, Says CEO

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.



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