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Binance launches first DeFi project on its mobile platform

Binance launches first DeFi project on its mobile platform

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Answer Binance launches first DeFi project on its mobile platform

Binance recently announced that it has launched the first DeFi project on its mobile platform, the PancakeSwap Mini.

The announcement from Binance came with the aim of lowering barriers to the world of decentralized finance (DeFi), as the program will gradually open up as an option for all Binance mobile users.

DeFi is one of the fastest growing sectors in the global blockchain and crypto system.

In 2021, global investors put billions into DeFi projects.

Binance described the recent launch as an important opportunity for its users to explore the world of decentralized finance.

Additionally, Binance has announced a decentralized Web Wallet 3.0 within the Binance app.

With the latest version of the Binance app, users can access a DeFi wallet.

Read:Tom Lee predicts that the price of Bitcoin will reach 25,000 levels in the future

Mayor Kamat, Head of Product at Binance, said:

CeDeFi is an important strategy for the development of Binance.

As part of the strategy, the PancakeSwap Mini is just the beginning of integrating DeFi projects into the Binance ecosystem.

In the future, the Binance Mini Program will be open to more decentralized projects, providing users with a seamless Ce-DeFi experience.

Earlier this month, Binance announced the official launch of Bifinity, a payments technology company.

PancakeSwap on Binance App:

For PancakeSwap, the latest launch is an important opportunity to educate users on the role of DeFi in the crypto ecosystem.

Nicknamed “Chef Snowball”, CEO of PancakeSwap said:

As our first DeFi project in the form of a small program, we have worked closely with Binance in the past few months.

As we reveal more features and activities, we will work together to improve the user experience of DeFi products.

In the past few months, Binance has solidified its position across various regions by acquiring multiple licenses.

Binance recently obtained a crypto asset service provider license from the Central Bank of Bahrain.

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