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Binance Launches Binance Bridge 2.0 to Integrate CeFi and DeFi

The Bridge will enable users to bridge and use assets from any blockchain on BNB Chain.

Binance Bridge Kicks Off

The world's leading crypto ecosystem, Binance, has unveiled version 2.0 of the Binance Bridge. The new version is an improvement over the original Binance Bridge and comes with support for more tokens, lower maintenance costs, and a more refined user experience. 

According to an exclusive March 29 press release shared with BSC News by the team at BNB Chain, Binance Bridge 2.0 will enable users to bridge crypto assets from any blockchain to BNB Chain seamlessly. Users would be able to do this right from within the Binance app, which would make the bridge a one-stop solution for Binance users' Centralized Finance (CeFi) and Decentralized Finance (DeFi) needs. 

"With Binance Bridge 2.0, we can make DeFi accessible to a larger audience worldwide, while still providing the seamless user experience that CeFi provides. Binance Bridge 2.0 is a transformative step and I am very excited to see how this makes Web3 accessible to a billion+ users,” Mayur Kamat, Head of Product at Binance, asserted.
Source

Whereas Version 1 of Binance Bridge only had support for assets listed on the Binance exchange, Version 2 does not have that limitation. Users of Version 2 would be able to bridge other assets not listed on the Binance exchange to BNB Chain as wrapped BTokens. Users can then deploy the BTokens and explore DeFi metaverse, blockchain games, etc., on the BNB Chain ecosystem, thus eliminating the need for swaps and other bottlenecks that have been issues for blockchain interoperability. 

By launching the new bridge, Binance has become the first cryptocurrency exchange to offer users a seamless integration of CeFi and DeFi assets. The Binance Bridge 2.0 is yet another innovation from Binance in its effort to enhance the global adoption of decentralized finance and crypto.

What is Binance

Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. 

Binance is trusted by millions worldwide and is dedicated to increasing the freedom of money for users. The Binance ecosystem features various crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, etc.

Where to find Binance:

Website | Twitter | Facebook | Discord | YouTube 

What is BNB Chain

BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain-powered by BNB. It consists of BNB Beacon Chain and BNB Smart Chain (BSC), which are EVM compatible and facilitates a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem. 

Where to find BNB Chain:

Website | Twitter | Discord | Github 

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