Binance DEX officially launches, listing Mithril as the first pair

Binance DEX has listed the first trading pair (MITH/BNB) meaning that traders can now start trading for the first time. Binance DEX is built on top of Binance Chain with a native Binance Coin (BNB) token and uses Delegated Byzantine Fault Tolerance (dBFT) as its consensus mechanism. All 11 pre-selected validators are now online to produce blocks.

The Binance Chain explorer is now open to public access as well. At press time, there were 2,800 transactions and 760 addresses. So far, there were 500 trades on the non-custodial exchange.

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.