Binance DEX will be directly with Hardware Wallets usable
Home News Binance DEX directly with Hardware Wallets to be usable
Marcus Misiak –
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One of the largest stock exchanges in the world, Binance, has brought last year, the development of a decentralized exchange on the way. According to the latest reports, it should be possible to be able to balance on Hardware Wallets directly from the stock market manage.
The CEO of Binance, Changpeng Zhao, has announced that the new decentralized Exchange DEX will support the interaction with Hardware Wallets directly from the first day of the stock exchange. The users of the exchange will always have the full control over your private keys and never leaving the apparatus.
Zhao called for the time being, still no name, however, is to assume that the major manufacturers in the industry, such as Ledger, Trezor and KeepKey will be compatible. This is mainly for the hardware wallet Lovers a great news, because the funds do not need to be sent to a Wallet of the Exchange to trade on the platform.
Binance is working on the development of decentralized private exchange and the Binance Chain. DEX is not intended to replace Binance, but in the coexistence of the functions and the use of both platforms in an intelligent complement and expand. The in-house crypto-currency, the Binance Coin, will play a Central role.
Even if the use and development of decentralized exchanges is still in its infancy, is seen by some experts in the industry, great potential. To get around, especially to any legal requirements of identification processes, such as conventional stock exchanges. The Securities and Exchange Commission (SEC) even warned strongly against the use of decentralized Exchanges, since in this case the relevant legislation could not be met.
Binance had recently opened the OTC-Trading with a minimum volume of 20 BTC, so that large-volume investors a faster and easier Trade. A week before, Bitrex has released the OTC-trading on their stock exchange.