Binance Labs Invests in New CrossChain DEX and Bridging Aggregator
2 mins read

Binance Labs Invests in New CrossChain DEX and Bridging Aggregator

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Binance’s investment arm has announced that it will be investing in a new cross-chain decentralized exchange (DEX) and bridging aggregator.
The world’s largest cryptocurrency exchange by volume revealed in a recent blog post that it will be putting an undisclosed amount of money into interoperability DEX Rango.
Rango is a cross-chain exchange that consolidates sources and connects traders to the best rates across various blockchains, including Bitcoin (BTC), Solana (SOL), Tron (TRX), and Cosmos (ATOM).
Binance reports that Rango currently supports over 60 digital assets, 70 DEX protocols, and 20 bridges, bringing its total volume to over $3 billion. As of June 19th, Rango has facilitated over 2.5 million crypto-related swaps and is processing over 3,000 trades daily.
Traders can access Rango through popular crypto wallets such as Exodus, Compound, TrustWallet, and Binance’s proprietary wallet.
Binance anticipates that by focusing on decentralized finance (DeFi) infrastructure, Rango will bring in the next billion DeFi users.
Yi He, co-founder of Binance and head of Binance Labs, expressed in a press release, “Rango’s suite of services aligns with Binance Lab’s goal of supporting projects that strengthen cross-chain development and innovation. We look forward to witnessing Rango’s journey as it continues to shape the DeFi space.”
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Binance Labs Invests in New CrossChain DEX and Bridging Aggregator
2 mins read

Binance Labs Invests in New CrossChain DEX and Bridging Aggregator

admin0

Binance’s investment arm has revealed its support for a new decentralized exchange (DEX) and bridging aggregator that operates across different blockchains.

In a recent post on their website, the largest cryptocurrency exchange in the world announced that it is backing interoperability DEX Rango with an undisclosed sum of money.

Rango acts as a cross-chain exchange that pools resources and links traders to the most favorable rates available on various blockchains, including Bitcoin (BTC), Solana (SOL), Tron (TRX), and Cosmos (ATOM).

Binance reports that Rango currently facilitates trading for over 60 digital assets, 70 DEX protocols, and 20 bridges, resulting in a total trading volume exceeding $3 billion. Since June 19th, Rango has processed more than 2.5 million crypto swaps and facilitates over 3,000 trades on a daily basis.

Traders can access Rango through popular cryptocurrency wallets like Exodus, Compound, TrustWallet, and Binance’s own wallet.

By emphasizing decentralized finance (DeFi) infrastructure, Rango aims to attract the next wave of DeFi users, according to Yi He, Binance’s co-founder and head of Binance Labs. He expressed his excitement for Rango’s journey in shaping the DeFi sector, stating that its services align with Binance Lab’s mission to support projects driving cross-chain development and innovation.

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Disclaimer: The opinions expressed on The Daily Hodl do not constitute financial advice. Investors are encouraged to conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. All trading activities are at the individual’s own risk, and any potential losses incurred are the responsibility of the investor. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advice. Please be aware that The Daily Hodl engages in affiliate marketing activities.

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