April 25, 2024

Binance will launch an “innovative” platform for trading DeFi tokens

Binance will launch an "innovative" platform for trading DeFi tokens

The largest crypto exchange Binance announced the launch of a new space – "Innovation Zone" – for traders who wanttrade risky decentralized finance (DeFi) projects.

In this way, the exchange seeks to listpopular projects, and avoid a barrage of criticism and accusations. Binance believes it needs to add popular cryptoassets to stay competitive, so it will continue to list tokens associated with Decentralized Finance (DeFi) projects, but will do so in the innovation zone.

Innovation Zone will allow traders to tradeoffering new tokens from their Binance accounts without the need to use a Web 3 compatible wallet and a decentralized exchange, as using DEX through a self-managed wallet requires certain knowledge and experience.

To access the innovation zone,traders will be required to indicate that they are aware that Binance will not be held liable for any losses, and also agree that they may lose 50% or more of their capital by trading innovation zone tokens.

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