Binance Invests in Cross-Chain DEX Rango: Bridging Aggregator and Decentralized Exchange
Binance Invests in New Cross-Chain Decentralized Exchange Rango
Binance, the world’s largest crypto exchange by volume, is making a strategic investment in Rango, a new cross-chain decentralized exchange (DEX) and bridging aggregator. This move is part of Binance’s efforts to support projects that enhance cross-chain development and innovation in the DeFi space.
Rango is a unique exchange platform that aggregates sources and connects traders to the best rates across multiple blockchains, including popular ones like Bitcoin, Solana, Tron, and Cosmos. With support for over 60 digital assets, 70 DEX protocols, and 20 bridges, Rango has already processed over $3 billion in volume and 2.5 million crypto-related swaps.
Traders can access Rango through various crypto wallets, including Exodus, Compound, TrustWallet, and Binance’s proprietary wallet. The platform is handling over 3,000 trades daily, showcasing its growing popularity among DeFi enthusiasts.
Yi He, co-founder of Binance and head of Binance Labs, expressed excitement about Rango’s potential to attract the next billion DeFi users. He emphasized the importance of supporting projects like Rango that focus on decentralized finance infrastructure and drive innovation in the industry.
As Binance continues to expand its investment portfolio and support cutting-edge projects like Rango, the future of DeFi looks promising. Stay tuned for more updates on Rango’s journey and its impact on the DeFi space.