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HomeNewsIDEX Announces Launch on Binance Smart Chain For Affordable DEX Transactions

IDEX Announces Launch on Binance Smart Chain For Affordable DEX Transactions

Decentralized exchange IDEX has announced the launch of its “Multiverse” trading solution on the Binance Smart Chain. The new IDEX trading infrastructure will offer cost-effective decentralized exchange trading.

In a Cryptodaily compared gas fees paid by Binance Smart Chain (BSC) users and Ethereum DEX users. The report revealed that since September 2020, BSC users made over 5 million trades while spending $456,000 on gas. On the other hand, Ethereum DEX users have paid just over $207 in gas fees for 46 million trades since 2015. The report further explained that BSC users spend below 10 cents per transaction while Ethereum DEX users pay about $4.50 a transaction.

The CEO and co-founder of IDEX, Alex Wearn, commented on the launch. Expressing his excitement while welcoming the “future of DEX trading,” he said:

Image Credits: Pixabay

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