Binance Wallet launched CEX-to-DeX trading and distributes BR tokens

The developers of Binance Wallet presented the new CEX-to-DEX function, which enables users to trade tokens on decentralized blockchains directly from the Binance Exchange balance. Now traders can use funds from Spot or Funding accounts to buy assets on Ethereum, Solana, Base and BNB Smart Chain (BSC). This solution makes the process of interaction with decentralized assets more convenient and simplifies access to Defi tools.

The start of the function is accompanied by a promotion with the distribution of Bedrock (BR) tokens. Clients who will confirm participation on a special page and make transactions in the amount of $ 50 will receive 100 BR ($ 10). Promotion is valid from March 29 19:00 (Moscow time) exactly 24 hours and applies to the first 100 thousand participants registered on the platform.

For trading, it is necessary to activate the CEX-to-DEX function in the Trade tab in the Binance Wallet, enable the USE Exchange Balance option and perform a swamp worth at least $ 50. All purchased tokens are credited to Binance Keyless Wallet – a special wallet without traditional keys, designed to simplify the storage of assets.

Binance Wallet also confirmed that the new function supports Binance Alpha and Quick Buy, which makes the process of buying tokens even more convenient. However, transfers from third -party DApps within the framework of the action are not taken into account. Distribution of 10 million BR will end either upon reaching the limit of the participants, or at the end of the promotion.

To get a reward, users must comply with a number of conditions, including having a verified Binance Exchange account and make a purchase through the SWAP function in Binance Wallet. The awards will be distributed until the evening of April 13th. With the launch of CEX-to-dex Binance, it continues to wash the boundaries between centralized and decentralized finances.

Author

Peter Ivanov