Binance, the world’s largest centralized crypto exchange by trading volume, is announcing the integration of the popular PancakeSwap into Binance’s app. PancakeSwap is currently the most popular decentralized platform by users and trading volume running on the BNB Chain, formerly Binance Smart Chain.
According to a corporate blog post, Binance’s integration of PancakeSwap will allow app users to seamlessly use PancakeSwap within the Binance Application – the first DeFi project to launch the PancakeSwap Mini Program.
Furthermore, Binance will integrate more dapps to allow users to experience DeFi within an easy-to-use CeFi platform. Together with the Binance DeFi Wallet, also announced in the blog post, users can create a wallet, transfer funds, and use dapps – all within the Binance mobile application.
The PancakeSwap Mini Program will start rolling out today and will be gradually open to all users of the Binance app over the next few days.
Announcing the non-custodial Binance DeFi Wallet
PancakeSwap is currently the most popular decentralized platform by users and trading volume. Its Mini Program launched in the Binance mobile application will, according to Binance, lower the barrier to decentralized finance and provide an important opportunity for Binance users to explore the DeFi world.
Along with the integration of PancakeSwap (CAKE), Binance is also announcing the Binance DeFi Wallet, a non-custodial decentralized crypto and Web3 wallet within the Binance application. Users can access the Binance DeFi Wallet from the latest version of the Binance App to create a DeFi wallet, transfer funds, and use DApps such as PancakeSwap.
The Binance DeFi wallet experience is designed to simplify the onboarding and fund transfer process for new users, making it “very easy” to switch between Binance and DeFi, without worrying about selecting certain blockchains or copy/pasting the right addresses.
As per the announcement, for Binance, the cooperation with PancakeSwap has opened the DeFi world for users in the Binance ecosystem. New crypto users may not have the experience of creating a Web3 wallet, adding liquidity, staking, trading a wide variety of assets, participating in decentralized IFOs, et cetera. The PancakeSwap Mini Program provides an easy-to-use platform for users to have a Ce-DeFi experience.
“PancakeSwap Mini Program is only the beginning”
Binance Head of Product Mayur Kamat said, “CeDeFi is an important strategy for Binance’s development. As part of the strategy, the PancakeSwap Mini Program is only the beginning of the integration of DeFi projects into the Binance ecosystem. In the future, the Binance Mini Program feature will be open to more decentralized projects, providing users with smooth CeDeFi experience.”
For PancakeSwap, integrating with the most popular centralized ecosystem in the world enables it to educate and attract more users into the decentralized world. Through broad asset depth and liquidity,…
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