Binance to Add Bitcoin Cash to Its Decentralized Exchange

Bitcoin to List Cash Pile Token DEX
Changpeng Zhao, the world's largest volume cryptographic stock exchange chief, offered to support the bitcoin cash trading on the decentralized stock exchange developed above the Binance Chain. This will be done by listing a new token on DEX (BCH-1FD) supported by real BCH assets and published in the Binance Chain. Thus, Bitcoin cash will be the third encryption money chosen to be added to the platform only after a BTC fixed token issued in June and a BTC marked token following Ripple's price released last Thursday.

The BCH-1FD is an icon fixed to the BCH value and can be used to trade in DEX and is designed to allow users to keep their money and wallets in full surveillance over their money and wallets. The stock plan plans to issue a BCH-pegge token worth approximately $ 2 million for initial trading and will continue to make more mint in response to market demands. Users can change local DEX tokens for assets that are fixed non-slip on the company's stock exchange.

Binance to Add Bitcoin Cash to Decentralized Exchanges

“The BCH community is one of the strongest crypto communities and we are excited to cooperate with them to pass the BCH token to Binance Chain, Bin said Binance CEO Changpeng Zhao. “The BEP-2 BCH token will be fixed to the local BCH. BCH owners can enjoy uninterrupted token swap experience at Binance.com and unsecured trading at Binance DEX after the list offer has been approved by the Binance Chain community. "

Decentralized Crypto Trade Rising
Central stock exchanges now dominate the crypto ecosystem in terms of trade volumes, but many want to see the transition to decentralized alternatives to eliminate custody of third parties. Until now, DEXs suffered from poor UX with low liquidity and long chain order execution times. Binance DEX aims to change short block times with an interface similar to the company's popular major stock exchanges, which allows transactions to be done quickly. Many crypto projects have already chosen to participate in Binance Chain and want to list their tokens on DEX.

Binance to Add Bitcoin Cash to Decentralized Exchanges
Another trend away from centralized exchanges supported by Binance is peer-to-peer trade. The company recently launched P2P trading functionality in China with BTC, ETH and USDT to trade against the CNY (Chinese Yuan). The feature reportedly supports investors' trades while using Alipay and Wechat Pay, the most widely used Chinese payment practices.


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