Binance’s investment arm has announced its support for a new decentralized exchange (DEX) and bridging aggregator that operates across different blockchains.
In a recent announcement on their blog, the leading cryptocurrency exchange revealed that it has invested an undisclosed sum into Rango, an interoperability DEX. Rango serves as a cross-chain exchange that consolidates information and connects traders with the most favorable rates on various blockchains, including Bitcoin (BTC), Solana (SOL), Tron (TRX), and Cosmos (ATOM).
With over 60 digital assets, 70 DEX protocols, and 20 bridges in its network, Rango has facilitated transactions totaling more than $3 billion. Since June 19th, Rango has processed over 2.5 million crypto swaps and manages around 3,000 trades daily.
Accessible through popular crypto wallets like Exodus, Compound, TrustWallet, and Binance’s own wallet, Rango aims to bring in the next wave of DeFi users by focusing on decentralized finance infrastructure.
Yi He, co-founder of Binance and head of Binance Labs, emphasized the importance of supporting cross-chain development and innovation through Rango’s services. He expressed optimism for Rango’s future in shaping the DeFi landscape.
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