Binance denied the allegations about locking Binance DEX for individual regions


CEO Binance, Changpeng Zhao (CZ) has denied claims by some members of the crypto community about the lack of true decentralization a new DEX his company. Previously there had been suspicion that a decentralized exchange was deliberately blocked to users in certain countries.

Launched in April, DEX Binance offers traders a more secure and decentralized version of the leading cryptocurrency trading platform. As reported, from the beginning of July to users in several different regions of the world will be denied access to DEX from the primary site Binance.

The report said that traders with IP addresses located in 29 countries, including the US, will have access to DEX. This has caused outrage in cryptosuite and led some to question the actual decentralization of the new trading platform.

You can trade on @binance_dex using any one of these wallets directly, without going through at all.

It’s spreading.

— CZ Binance (@cz_binance) June 3, 2019

No more than a rumor

Responding to the claim, CZ noted, the distributed statements are nothing more than rumors, and those who for any reason are unable to access the DEX, you can use the app TrustWallet or other software for trading and storing digital currencies.

In addition to the numerous issues Changpeng Zhao strongly explained that actually on DEX can’t be any geologicheski, and users in some regions were not able to access the primary site. He reminded everyone that since Binance DEX is a decentralized platform, no one will be able to directly block its use.

The messages being passed is wrong. (the website) blocks certain countries; DEX (the blockchain) does not, it can’t.

And there are plenty of wallets support trading on the DEX directly.

Website ≠ Blockchain. 😂😂😂

— CZ Binance (@cz_binance) June 3, 2019


— CZ Binance (@cz_binance) June 3, 2019

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Tags: Binance DEX


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