Binance, the world’s largest centralized cryptocurrency exchange in terms of trading volume, has announced the integration of the popular Pancake Swap into Binance’s app. PancakeSwap is currently the most popular decentralized platform by users and transaction volume running on the BNB chain (formerly Binance Smart Chain).
According to the company Blog post, Binance’s Pancake Swap integration allows app users to seamlessly use Pancake Swap within their Binance applications. This is the first DeFi project to launch the Pancake Swap mini program.
Moreover, Binance Integrate more dapps to give users a DeFi experience within an easy-to-use CeFi platform. Along with the Binance DeFi Wallet, also announced in the blog post, users can create wallets, transfer funds, and use dapps all within the Binance mobile application.
The PancakeSwap Mini program is rolling out today and will be gradually available to all users of the Binance app in the coming days.
Announcement of non-custodial Binance DeFi wallet
PancakeSwap is currently the most popular decentralized platform for users and transaction volumes. Launched in the Binance mobile application, the mini-program, according to Binance, lowers the barriers to decentralized finance and provides Binance users with an important opportunity to explore the world of DeFi.
With the integration of Pancake Swap (cake), Binance also announces BinanceDeFiWallet, an unmanaged distributed cryptography and Web3 wallet within Binance applications. Users can access the Binance DeFi wallet from the latest version of the Binance app to create a DeFi wallet, transfer funds and use DApps such as Pancake Swap.
The Binance DeFi Wallet Experience is designed to simplify the onboarding and money transfer process for new users, so you don’t have to worry about choosing a particular blockchain or copying / pasting the correct address. You can switch “very easily”.
According to the announcement, Binance will be collaborated with Pancake Swap. DeFi A world for users of the Binance ecosystem. New crypto users may not have experience in creating Web3 wallets, adding liquidity, staking, trading a wide variety of assets, participating in decentralized IFOs, and more. The PancakeSwap Mini Program provides an easy-to-use platform for users to experience Ce-DeFi.
“The Pancake Swap mini-program is just the beginning.”
Mayur Kamat, Head of Product at Binance, said: “CeDeFi is an important strategy for Binance development. As part of the strategy, the PancakeSwap Mini Program is just the beginning of the integration of the DeFi project into the Binance ecosystem. In the future, the Binance Mini Program feature will be more. Open to decentralized projects, providing users with a smooth CeDeFi experience. “
With PancakeSwap, you can educate and attract more users to the decentralized world by integrating with the world’s most popular centralized ecosystem. PancakeSwap can further improve the core DeFi trading experience and expand other products that are accepted by the community through a wide range of asset depth and liquidity.
“As the first DeFi project to launch a mini-program, we’ve been working closely with Binance for the past few months. Chef Snowball, head chef of Pancake Swap, has announced more features and activities, and DeFi. We will work together to improve the user experience of our products.
The Pancake SwapMini app and Binance DeFi wallet will be available to users in the next few days. Users can scroll down from the top of the Binance App home page to find the MiniProgram Marketplace where they can find Pancake Swap. Alternatively, users can search from the Miniprogram Marketplace.
Rebranding Binance smart chains to BNB chains
Just a month ago, as before report With CryptoSlate, Binance has decided to rename the blockchain system from Binance SmartChain to BNB Chain. This seems to be an effort to keep “Binance” away from the chain.
Not officially included announcement In a blog post, Binance CEO Changpeng “CZ” Zhao previously tweeted that BNB tokens, as most people know, should be named “Build N’Build” instead of Binance Coin.
Relationship with BNB The tokens and the current BNB chain make the renaming somewhat logical. BNB has evolved from the native tokens of the Binance exchange, which is primarily used for trading, to gas tariff tokens and a key asset of the BSC network. This is an ether token (ETH) Is related to the Ethereum blockchain, which is a native token used primarily for payment of gas charges.
Today, BNB is used by hundreds of dapps, listed on several exchanges and held by millions of users. BNB is currently ranked 4th and is one of the most popular cryptocurrencies with a market capitalization of over $ 65 billion.
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