Binance has announced the launch of testnet of its new decentralized crypto exchange, Binance DEX. The crypto exchange, which is based on a blockchain and peer-to-peer distributed system, known as Binance Chain, is now available for use.

As per the company’s statement, the decentralized crypto exchange has already been made available to customers, allowing them create wallets and exchange tokens on Binance DEX testnet. The crypto exchange is also claimed to support secure decentralized software and hardware wallets. In addition, the firm has stated that it will integrate its Trust Wallet with the new exchange, along with the Ledger Nano S.

Changpeng Zhao, Binance’s CEO, has said that Binance DEX is a decentralized crypto exchange that offers a more secure and easy-to-use exchange and allows users to manage their own wallets. He also added that users will have better control over their private keys with the new exchange.