Cryptocurrency exchange Binance DEX has announced its partnership with blockchain start-up, Equal to encourage and improve decentralisation in the industry.
The collaboration came into light after Equal tweeted that the company was excited to partner with Binance. The tweet read,
“We are excited to announce our partnership with @Binance_DEX ! The EQL token will be migrating to the new @binance Chain in the lead up to the EQUAL wallet launch, we will be adding support for Binance Coin & BEP-2 tokens. Welcome to EQUAL @cz_binance !https://medium.com/@EqualToken/equal-is-moving-to-binance-chain-2953da1399a8 …”
Binance will soon be launching the EQUAL crypto wallet and will further add Binance Coin to the wallet.
Equal is a distributed ledger technology platform that focuses mainly on increasing the utility of a blockchain. The company claims that, over 90% of crypto trading is related to investment and not utility and the start-up aims at breaking this trend.
In a post on Medium, the start-up expressed,
“The team at Equal has been adamant about educating the wider community on the benefits and purpose of decentralisation from a blockchain tools perspective. This brings great excitement to the team that the vision of Equal has significant synergies with Binance. Binance now positions themselves to offer a trustless and transparent financial system within the blockchain industry.”
Binance centralized exchange is currently the largest exchange in the world, while Binance decentralized exchange or Binance DEX is still making its way to the top.
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