The synergy between centralized and decentralized platforms offers users the best of both worlds.
Binance improves in-app DEX swap
Binance has integrated PancakeSwap’s decentralized exchange (DEX) platform into the Binance mobile app’s search interface. With this integration, users can now be redirected to PancakeSwap DEX when searching for tokens that are not available for trading on the Binance exchange. The tokens can then be exchanged on the DEX via the app, which is currently in beta with a limited token list.
The integration was captured in PancakeSwap’s monthly report for July. Back in March, PancakeSwap announced a partnership with Binance to launch the PancakeSwap Mini program. PancakeSwap’s in-app implementation allows users to directly access PancakeSwap without leaving the Binance Mobile App.
🔍 What do you get when you search the Binance app for tokens not listed on Binance e.g. B. TRIVIA, ERA, LOOKS? 🤔
You will be taken to the PancakeSwap mini-program where you can trade this token! 🔥 pic.twitter.com/qUaOWj7V6x
— PancakeSwap 🥞 #BSC (@PancakeSwap) August 4, 2022
The search integration gives users more ways to access the PancakeSwap mini-program, allowing them to take advantage of Centralized and Decentralized Finance (CEDEFI) from one app. The CEDEFI partnership between Binance and PancakeSwap now allows users to open a Binance DeFi wallet and enjoy PancakeSwap’s utilities such as swap, yield farming, adding or removing liquidity, and staking within the Binance mobile app.
PancakeSwap confirmed in the July monthly report that it would continually update the mini-program with more features. The platform believes its mini-program will expand its user base and help onboard new users to decentralized finance.
What is PancakeSwap:
PancakeSwap is a decentralized exchange (DEX) built on top of the BNB chain. It offers users various features like Liquidity Pools, Swaps, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT Profile System and many others.
Additionally, the protocol helps users get the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volume in the market, PancakeSwap is the leading DEX on the BNB chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub
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