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Binance Launched the Testnet of Its Decentralized Cryptocurrency Exchange

Anca Florentis by Anca Florentis
February 21, 2019
in News
Binance DEX

The biggest cryptocurrency exchange on the market, Binance, has announced that it has launched its much-awaited decentralized cryptocurrency exchange, Binance DEX in testnet.

According to its press release, the Binance trading platform has launched the first version of its decentralized exchange, Binance DEX.  Binance DEX is currently in testnet mode, which is a separate blockchain that was created for the sole purpose of testing crypto-based assets or projects.

The native distributed ledger technology (DLT) network and peer-to-peer (P2P) system are powered by Binance Chain Technology, a development of the Binance team. The developers have revealed that crypto traders are now able to make their own wallets and trade the coins and tokens listed on Binance’s decentralized exchange.

Changpeng Zhao (CZ), the CEO of Binance, has clearly stated that Binance DEX will represent an entirely new experience for users, as it will instantly process transactions just like on the Binance.com exchange.

“Binance DEX is a decentralized exchange with a decentralized network of nodes, that allows users to manage their private keys and wallets. Binance DEX provides an excellent balance of security, freedom and ease-of-use, CZ noted.”

Binance has also announced that Binance Coin (BNB) will be migrated to Binance Chain to work as the platform’s native currency, which would allow users to easily issue, send and receive new tokens on the blockchain, while also having the option to propose new digital coins to be added to the list.

BNB is currently ranked as the 10th crypto according to a market cap of $1,483,407,426 USD, having a current trading price of $10.51 USD.

In addition to its instant processing times, the team has also added that the Binance Chain will also have a block time of just one second.

Binance DEX will add support to secure and decentralized software such as Binance’s Trust Wallet and hardware wallet Ledger Nano S.

Tags: Binance Decentralized exchangeBinance DEXBinance DEX testnettestnet launch
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Anca Florentis

Anca Florentis

Investigative Journalist | Adoption Reporter | Human-Centered Crypto Storyteller
Anca Florentis is a journalist and market researcher whose work sits between investigative reporting and human-centered crypto storytelling. At TheCCPress, she covers adoption, market transparency, founder and company narratives, and the social consequences of crypto expansion across different regions. Her writing is built around people, incentives, and public trust rather than abstract market chatter.

“A strong crypto story should explain not only what happened, but who it affected and why trust changed.”

Profile
- Gender: Female
- Born: July 1993
- Based: Cluj-Napoca, Romania
- Company: TheCCPress
- Website: https://theccpress.com/
- Coverage Focus: Investigations, people, adoption, company stories, regulatory tension

Experience
Anca’s background spans financial reporting, fintech journalism, and crypto research. She has worked on stories involving European regulation, cross-border payments, DeFi adoption, and early Bitcoin use cases, which gives her a broad base for narrative journalism that remains grounded in evidence. At TheCCPress, she is especially useful when a story needs both reporting discipline and a human-centered angle.

Background
She studied economics and international business before deepening her work in digital media and communication. That combination shaped her reporting style: structurally aware, curious about systems, but still focused on the people and organizations moving through those systems. She is particularly effective on pieces where institutional language hides a more personal or social conflict underneath.

Achievements
Anca has contributed feature reporting, event coverage, founder interviews, and market-context journalism across European crypto and fintech topics. Her strongest contributions are stories that connect adoption or regulation with people, incentives, and trust rather than treating those issues as abstract themes.

Work Style
She writes with a measured investigative tone and tends to work from interviews, documented context, and narrative framing rather than short-form reaction. That makes her a strong fit for TheCCPress sections where the goal is to explain how a story unfolded and why it matters beyond a single market cycle.

Skills
Anca’s key strengths include investigative journalism, market research, founder and company profiling, regulatory reporting, feature writing, and cross-border crypto context. She is especially valuable on stories that need both narrative depth and factual discipline.

Additional Information
Within the new site structure, Anca fits naturally in investigations/controversy, people/founders, people/institutions, and selected stories/company-sagas. She helps TheCCPress sound more like a real editorial publication and less like a generic crypto feed.

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