Binance Unveils New Unprecedented Feature – Here Are The Details

Binance Wallet has introduced its new CEX-to-DEX trading feature, which allows users to trade cryptocurrencies on decentralized exchanges using their Binance Exchange account balances.

This new functionality supports transactions across multiple networks, including Ethereum, Solana, Base, and BNB Smart Chain.

This latest innovation from Binance Wallet opens up decentralized trading by allowing users to leverage their existing exchange funds for transactions on Binance Wallet. According to the companys official statement, this feature eliminates the need for manual transfers between exchange accounts and wallets, making on-chain trading more convenient and efficient.

With the rise of decentralized cryptocurrency exchanges, it was recently claimed that some centralized cryptocurrency exchanges had carried out an operation on the decentralized exchange Hyperliquid.

The company also seems unwilling to stay away from the growing decentralized cryptocurrency exchange space.

Binance Wallet is holding a Bedrock Token giveaway to announce the launch of its CEX to DEX feature. Eligible users who confirm their participation through the designated landing page and trade at least $50 worth of tokens using their Binance Spot or Funding Account balances in Binance Wallet will receive 100 BR tokens (equivalent to $10). The giveaway will be on a first-come, first-served basis.

*This is not investment advice.