Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi
The service would allow users to bridge assets from any blockchain to BNB Chain. On March 29, centralized cryptocurrency exchange Binance announced the rollout of Binance Bridge 2.0. The feature enables users to bridge assets from any blockchain, including from tokens not listed on the Binance app, to the BNB Chain. Bridged tokens listed on Binance will be stored in the Funding or Spot Wallet, while unlisted bridged tokens will be transferred to the Funding Wallet only.Users can bridge-in or bridge-out tokens between their native blockchains and BNB Chain via regular deposit and withdrawal....
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Read this guide to learn how to bridge assets from any blockchain to BNB Chain using Binance Bridge 2.0. Integration of CeFi and DeFi through Binance Bridge 2.0DeFi is driving the development of cutting-edge Web3 use cases such as nonfungible tokens (NFTs), gaming and the metaverse. With the Binance Bridge 2.0, DeFi can be brought to a broader audience worldwide while maintaining the same smooth user experience as CeFi.Most of the “DeFi” ecosystem relies on centralized services because of convenience, which enables us to understand where the traditional world of centralized banking and the....
In this week's DeFi newsletter, we discuss Axie Inifnity's Ronin bridge hack, Binance's new Bridge 2.0 launch, the rise in DeFi TVL and more. The last week of March saw the decentralized finance (DeFi) market surge to new highs as institutional investors returned to the market. Amid the rising popularity of DeFi products, Axie Inifity’s Ronin bridge faced the worst hack in crypto history, raising security concerns for the market.MetaMask integrated Apple Pay support, allowing users to purchase crypto using their Apple Pay account directly, and Binance launched Bridge 2.0 to integrate CeFi....
Binance CEO Changpeng ‘CZ’ Zhao made a confident assertion last July that decentralized finance, commonly referred to as DeFi, is poised to rise above centralized finance, or CeFi, in terms of prominence and significance within the financial landscape. According to his forward-looking perspective, this transformative shift is expected to materialize over the course of the […]
The CEO of Binance on why DeFi will come to dominate CeFi.
High gas fees still plague Ethereum and the plan to upgrade isn’t fast enough for the pace the industry is moving at. Crypto market participants are demanding more options. Projects such as DeFi Yield Protocol and countless others are moving to Binance Smart Chain. Here’s why the newly launched bridge between DeFi Yield Protocol to […]