Binance Partners With Chainlink For ‘Next-Gen DeFi Applications’

shutterstock 444144502 640x400

Cryptocurrency exchange operator Binance have announced a new collaboration with Chainlink. The partnership will see Binance connecting its crypto data to other blockchain platforms. The move is part of a broader effort to support the expansion of Decentralized Finance (DeFi). Binance is a Big Believer in DeFi DeFi is a major trend right now despite being at its nascent stage. DeFi protocols rely on blockchain-based smart contracts to build decentralized infrastructures that could host financial applications inspired by traditional finance. Think about lending, derivatives trading or decentralized exchanges. Thanks to the distributed ledger technology (DLT), they don’t require any central body to control the markets and act as a guardian. Binance has been a big believer in DeFi. The Malta-based firm recently launched its own decentralized exchange called Binance DEX, which operates separately from its main platform. The company, led by Changpeng Zhao (CZ), argues that while smart contracts can…

Read the original article here