DEX

Binance DEX officially launches, listing Mithril as the first pair

April 25, 2019, 5:44AM EDT

Binance DEX has listed the first trading pair (MITH/BNB) meaning that traders can now start trading for the first time. Binance DEX is built on top of Binance Chain with a native Binance Coin (BNB) token and uses Delegated Byzantine Fault Tolerance (dBFT) as its consensus mechanism. All 11 pre-selected validators are now online to produce blocks.

The Binance Chain explorer is now open to public access as well. At press time, there were 2,800 transactions and 760 addresses. So far, there were 500 trades on the non-custodial exchange.