Binance Unveils CEX to DEX Trades on Binance Wallet

Binance, the world's leading cryptocurrency exchange, has just introduced a direct centralized exchange (CEX) to decentralized exchange (DEX) trading feature on the Binance Wallet app. This feature allows users to directly use their Spot or Funding account balance on Binance to trade millions of tokens on blockchain networks such as Ethereum, Solana, Base, and BNB Smart Chain, without the need for complicated transfers or bridges.

How the CEX to DEX feature works

Users can access this feature via the [Trade] tab in Binance Wallet. Using stablecoins such as USDC, they can purchase tokens on supported DEXs. Once the transaction is complete, the purchased tokens will be transferred directly to the user's wallet, simplifying the process and enhancing the trading experience.

Advantages of the new feature

- Convenience: Eliminates the need to manually transfer funds between different wallets or platforms.

- Fast: Trade directly from your Binance balance, reducing time and effort.

- Multi-chain support: Compatible with many popular blockchain networks, expanding the trading range for users.

Additional promotions
To celebrate the new feature, Binance has organized a Bedrock (BR) token giveaway program. Users who trade at least 50 USD through the CEX to DEX feature will receive 100 BR, with a limited quantity and priority given to early participants.

Impact on the crypto market
Binance's integration of CEX to DEX trading is expected to promote the adoption of decentralized finance (DeFi). By simplifying the process and minimizing technical barriers, this feature makes it easier for users to access and participate in the DeFi ecosystem.

Conclusion
Binance's new CEX to DEX trading feature marks a major step forward in bridging centralized and decentralized finance, providing a smoother and more convenient experience for users in trading cryptocurrencies.