{"id":126101,"date":"2025-03-30T17:16:00","date_gmt":"2025-03-30T17:16:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126101"},"modified":"2025-03-30T17:16:00","modified_gmt":"2025-03-30T17:16:00","slug":"binance-debuts-centralized-exchange-to-decentralized-exchange-trades","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126101","title":{"rendered":"Binance debuts centralized exchange to decentralized exchange trades"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Binance has debuted centralized exchange (CEX) to decentralized exchange trades (DEX), allowing customers to use funds from their Binance wallets to execute DEX trades \u2014 eliminating the need for asset bridging or manual transfers.<br \/>\nAccording to the exchange, customers can use Circle&#8217;s USDC (USDC) and other supported stablecoins to acquire tokens on the Ethereum, Solana, Base, and BNB Smart Chain networks.<br \/>\nThe new CEX to DEX feature is also compatible with other tools on the platform, including Binance Alpha, which gives users the ability to discover emerging tokens in early-stage development, and the Binance quick buy tool.<br \/>\nIncorporating CEX to DEX trading unlocks a smoother user experience and reduces the complexity of swapping digital assets.<br \/>\nThis reduction in complexity addresses the technical barrier to entry inherent in the user experience that makes it difficult for new users to interact with digital assets. Complex user interfaces and clunky user experience is one of the most widely cited issues in crypto.<br \/>\nAn online meme poking fun at the complexities in crypto. Source: Kev.EthRelated: Web3\u2019s UX problem \u2014 and how to fix it, feat. Ponder One<br \/>\nOvercoming crypto&#8217;s user experience problem and getting crypto out of the AOL era<br \/>\nIn November 2024, The WalletConnect Foundation and Reown established a standard framework for crypto wallets to enhance the user experience and promote ease of use.<br \/>\nPedro Gomes, director of the WalletConnect Foundation, told Cointelegraph that the wallet standards framework focused on several key areas including, &#8220;minimizing clicks, reducing transaction friction, interoperability, and providing clear and accessible information.&#8221;<br \/>\nAnurag Arjun, co-founder of Avail \u2014 a unified chain abstraction solution \u2014 and the Polygon layer-2 network, also told Cointelegraph that current blockchain abstraction techniques are fragmenting liquidity across the ecosystem.<br \/>\nThe Polygon co-founder said that each blockchain network has its own set of security assumptions, presenting challenges for interoperability; Arjun specifically cited bridging techniques as cumbersome for the end user.<br \/>\nSandeep Nailwal, who founded Polygon alongside Arjun, recently voiced similar sentiments and said that crypto needs to enhance user experience before achieving mass adoption, likening the current state of crypto to the internet in the late 1990s.<br \/>\nNailwal told Cointelegraph that crypto needs to adopt smoother fiat onboarding, better custody solutions that feature key recovery, and hardware wallets built into mobile devices to bring crypto out of the &#8220;AOL era&#8221; and achieve mass appeal.<br \/>\nMagazine: They solved crypto\u2019s janky UX problem \u2014 you just haven\u2019t noticed yet<a href=\"https:\/\/cointelegraph.com\/news\/binance-debuts-centralized-exchange-decentralized-exchange-trades?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto exchange Binance has debuted centralized exchange (CEX) to decentralized exchange trades (DEX), allowing customers to use funds from their Binance wallets to execute DEX trades \u2014 eliminating&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126101"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126101"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126101\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126101"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}