2 days ago
Crypto speech Binance has debuted centralized speech (CEX) to decentralized speech trades (DEX), allowing customers to usage funds from their Binance wallets to execute DEX trades — eliminating the request for plus bridging oregon manual transfers.
According to the exchange, customers tin usage Circle's USDC (USDC) and different supported stablecoins to get tokens connected the Ethereum, Solana, Base, and BNB Smart Chain networks.
The caller CEX to DEX diagnostic is besides compatible with different tools connected the platform, including Binance Alpha, which gives users the quality to observe emerging tokens successful early-stage development, and the Binance speedy bargain tool.
Incorporating CEX to DEX trading unlocks a smoother idiosyncratic acquisition and reduces the complexity of swapping integer assets.
This simplification successful complexity addresses the method obstruction to introduction inherent successful the idiosyncratic acquisition that makes it hard for caller users to interact with integer assets. Complex idiosyncratic interfaces and clunky idiosyncratic acquisition is 1 of the astir wide cited issues successful crypto.
An online meme poking amusive astatine the complexities successful crypto. Source: Kev.Eth
Related: Web3’s UX occupation — and however to hole it, feat. Ponder One
Overcoming crypto's idiosyncratic acquisition occupation and getting crypto retired of the AOL era
In November 2024, The WalletConnect Foundation and Reown established a modular framework for crypto wallets to heighten the idiosyncratic acquisition and beforehand easiness of use.
Pedro Gomes, manager of the WalletConnect Foundation, told Cointelegraph that the wallet standards model focused connected respective cardinal areas including, "minimizing clicks, reducing transaction friction, interoperability, and providing wide and accessible information."
Anurag Arjun, co-founder of Avail — a unified concatenation abstraction solution — and the Polygon layer-2 network, besides told Cointelegraph that existent blockchain abstraction techniques are fragmenting liquidity crossed the ecosystem.
The Polygon co-founder said that each blockchain web has its ain acceptable of information assumptions, presenting challenges for interoperability; Arjun specifically cited bridging techniques arsenic cumbersome for the extremity user.
Sandeep Nailwal, who founded Polygon alongside Arjun, precocious voiced akin sentiments and said that crypto needs to heighten idiosyncratic acquisition earlier achieving wide adoption, likening the existent authorities of crypto to the net successful the precocious 1990s.
Nailwal told Cointelegraph that crypto needs to follow smoother fiat onboarding, amended custody solutions that diagnostic cardinal recovery, and hardware wallets built into mobile devices to bring crypto retired of the "AOL era" and execute wide appeal.
Magazine: They solved crypto’s janky UX occupation — you conscionable haven’t noticed yet
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