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The global crypto market cap stands at $1.03 trillion with a trading volume of $35.57 billion in the last 24 hours. Bitcoin is priced at $25,483.52 with a market dominance of 48.2%. Ethereum is priced at $1,607.29, holding an 18.8% market share. Yield Farming is the top-performing crypto sector, showing a 3% gain.
Binance, the world’s leading crypto exchange, is integrating the renowned decentralized exchange, PancakeSwap, into its app. This move coincides with the announcement of the non-custodial Binance DeFi Wallet, facilitating a seamless switch between Binance and DeFi.
Binance’s integration aims to simplify user experience, allowing them to access PancakeSwap directly within the Binance app. This is a significant step towards merging centralized and decentralized platforms, enhancing user experience in the DeFi realm.
The PancakeSwap Mini Program will be available to all Binance app users in the coming days. Alongside this, Binance is launching the Binance DeFi Wallet, a decentralized wallet within the app, further simplifying the user experience.
Binance’s collaboration with PancakeSwap aims to introduce more users to the world of DeFi. With the integration of PancakeSwap and the new Binance DeFi Wallet, users can effortlessly transition between centralized and decentralized platforms.
In other news, Binance recently renamed its blockchain platform from Binance Smart Chain to BNB Chain. This move seems to distance the “Binance” brand from the chain. The BNB token, initially used for trading on Binance, has evolved into a multifunctional token, similar to Ethereum’s ether (ETH).
Today, BNB is utilized by numerous dapps, listed on various exchanges, and held by countless users. Currently, BNB ranks fourth among the most popular cryptocurrencies with a market cap exceeding $65 billion.