Binance Launches Liquid Swap For Instant Liquidity and Lower Fees

Binance Launches Liquid Swap For Instant Liquidity and Lower Fees

Binance, the largest cryptocurrency trading platform and exchange in the world, has launched the Liquid Swap exchange to offer traders instant liquidity and lower fees.

Taking advantage of the DeFi craze, Binance, the largest cryptocurrency exchange worldwide, has launched a new platform allowing users to pool their funds together in liquidity pools, utilizing the power of automated market making on a centralized exchange. Usually, this type of option would only be available for use on a decentralized exchange, but Binance was able to implement these options, the first out of any centralized exchanges. As stated in the Binance press release, “This can give you stable prices and lower fees for transactions both small and large, which are done via instant swaps”.

The liquidity pairs that are offered are as follows:

  • USDT/BUSD
  • BUSD/DAI
  • USDT/DAI

With this cool new market making option, users get almost all the benefits of a DeFi platform while still being able to have the security and options that the Binance exchange offers.

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