tl;dr
Binance, the largest cryptocurrency exchange, has launched a new feature allowing users to trade tokens between centralized and decentralized exchanges using their Binance funds. This feature enables direct on-chain trading through the Binance Wallet tab using stablecoins on Ethereum, Solana, Base, ...
Binance, the largest cryptocurrency exchange, has introduced a new feature that allows users to trade tokens between centralized and decentralized exchanges using their Binance funds. This feature enables direct on-chain trading through the Binance Wallet tab using stablecoins on Ethereum, Solana, Base, and BNB Smart Chain networks.
Users can now directly trade on-chain through the Binance Wallet tab with their spot or funding account balances using stablecoins to access tokens trading on decentralized exchanges via the Ethereum (ETH), Solana (SOL), Base, and BNB Smart Chain networks.
Binance CEO Richard Teng emphasized the need for regulatory clarity and institutional support to drive mass adoption of crypto assets in a recent interview. Teng highlighted that regulatory clarity is crucial for mass adoption, and institutions are essential for stabilizing price action and increasing market cap over time.
This new feature bridges the gap between centralized and decentralized trading, providing Binance users with a more seamless way to purchase tokens on-chain.