Running a bit ahead of its routine, Binance Initiates Decentralized Exchange or DEX for crypto trading. Though trading will begin later, as of now users can create wallets on Binance DEX. Tokens will be listed and issued soon after which regular trading will begin. The Binance DEX integrates Trust Wallet, the freshly acquired blockchain startup along with hardware wallet maker Ledger. Two months ago, the trading firm made the decentralized exchange available for public testing.

According to Binance’s CEO Changpeng Zhao, with DEX, traders will enjoy a balance of security, freedom, and ease-of-use. DEX empowers the users to be in control of their own assets. As per the CEO’s recent tweet, Binance DEX will charge a listing fee of around $100,000. Definitely, that’s a huge figure but its purpose is to deny scam tradings.

Binance is the world’s largest crypto exchange in terms of the trading volume. Last week it launched its own blockchain, Binance Chain and the exchange token BNB. Recently, decentralized social media Mithril adopted Binance chain. Anyways, as Binance initiates decentralized exchange, it will encourage a lot of other blockchains to develop native DEXs without any central custody over trader assets.