Binance Launches DeFi-Esque Trading Platform

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Binance (Courtesy: Twitter)
Binance (Courtesy: Twitter)

One of the biggest exchanges Binance launched a new trading platform that allows you to reap the benefits of DeFi services, all from existing Binance account.

Binance Liquid Swap, a new trading platform that lets users pool tokens for easy earning and instant liquidity, all within a few clicks from the Binance website, where you can already buy, trade, stake, and save your crypto.

This is an automated market maker (AMM) pool product, the first of its kind in a centralized exchange, and it hosts different pools of liquidity that allow its users to exchange crypto assets.

When you place your crypto funds into the liquidity pools on Binance Liquid Swap, you get to harness the power of an AMM pricing module. This can give you stable prices and lower fees for transactions both small and large, which are done via instant swaps. We’re offering the following liquid trading pairs:

  • USDT/BUSD
  • BUSD/DAI
  • USDT/DAI

With Binance Liquid Swap, prices and transaction fees depend on the number of assets in the liquidity pool. These prices and fees change when you swap, add, or remove funds in the pool. You can become a market maker by simply adding tokens to the pool. You’re entitled to your interest plus a cut of the transaction fees when you pool your tokens. 

You get all these benefits from a DeFi platform, and we combine it with the best that Binance has to offer:

  • DeFi products work better when more people provide funds, do trades, and earn fees from them. With millions of users already on Binance, you can leverage DeFi’s opportunities in just a few clicks, all within your existing account.
  • The security on the Binance platform, strengthened by years of expertise from maintaining the world’s leading exchange, gives you a safe platform to participate in DeFi.
  • With an ever-growing number of ways you can buy crypto with your local currencies, including credit and debit cards, P2P, and more, Binance provides one of the most convenient ways to access DeFi products and services.
  • As the first DeFi product to be within easy reach of a multitude of crypto activities, like spot, margin, and futures trading, as well as savings, staking, P2P, and more, we offer you the easiest way to move your holdings to whichever option works best for you, all in a few clicks.