with different features cryptocurrencyA platform that enables cryptocurrencies and non-crypto assets to transact on the blockchain. DeFi with protocol Synthetixhas launched a new decentralized platform today.
Ethereum Running on the blockchain, Synthetix is a decentralized platform to dispel doubts about whether decentralized exchanges (DEX) can compete with centralized exchanges (CEX). of Infinex announced its release.
Speaking to The Defiant Synthetix founder Kain Warwickstated that Infinex was launched with the aim of maximizing the user experience.
Warwick also has Infinex’s daily trading volume of billions of dollars. Binance He also said that it was established to compete with centralized exchanges such as
“In order to compete with leading cryptocurrency exchanges like Binance, Infinex is making a significant change to the typical DeFi user experience.
And it eliminates the need to use a crypto wallet to sign transactions. Instead, Infinex will greet users with the nearly ubiquitous stream of creating a username and password.
At this point, Infinex will not have its own cryptocurrency and Synthetix’s SNX tokens will be used.”
💥 EXCLUSIVE: Synthetix’s founder @kaiynne Has announced Infinex, a new exchange designed to compete with the likes of Binance and other centralized exchanges. The team behind Infinex prioritized the user experience above all other factors in their design.https://t.co/mztREuESZE
— The Defiant (@DefiantNews) July 14, 2023
Following the news, the price of Syntheix’s native token SNX increased by 16%, and SNX It reached $2.89. SNX’s rise has exceeded 50% since yesterday.
*Not investment advice.
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