Part of a broader project dubbed Binance Chain, Zhao previously said he foresaw the platform fully replacing the extant Binance exchange.
Translation: Let's hype this now the Justin style!
I'll use this DEX as long as they don't require KYC, 2 BTC withdrawal limits is okay for me. If that's not possible, bye-bye Binance.
it's just a "non-custodial" exchange built on a centralized platform---binance servers, DNS, etc---right? if so, it's not an answer to the KYC problem. just look at what IDEX did.
i really don't know how much longer binance will be able to sustain its 2 BTC withdrawal limit without KYC. i'm expecting them to fall in line at some point, just like shapeshift, poloniex, bittrex, and others.
Precisely. Look, any form of DEX is a step up from any form of CEX (I don't say better, just a step in the right direction). But surely after the DEX watersheds of 2017/18, we're a little better than non-custodial exchanges now, aren't we? For as long as they've got a corporate interest in the platform, and you're right, for as long as they want to get some kind of information (or they have to, not sure which atm) from users, they're going to fall flat at some point.
Early growth momentum still pushing them. Binance token still squeezing profits out. Their other Binance Jersey platform also seems to be struggling (heavily KYC compliant for EU and GBP txs).
