{"id":327018,"date":"2024-06-20T03:55:27","date_gmt":"2024-06-19T22:25:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=327018"},"modified":"2024-06-20T03:55:28","modified_gmt":"2024-06-19T22:25:28","slug":"binance-labs-announces-investment-in-new-cross-chain-dex-and-bridging-aggregator-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-labs-announces-investment-in-new-cross-chain-dex-and-bridging-aggregator-crypto-news\/","title":{"rendered":"Binance Labs Announces Investment in New Cross-Chain DEX and Bridging Aggregator &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Binance\u2019s venture capital arm is announcing an investment into a new cross-chain decentralized exchange (DEX) and bridging aggregator.<\/p>\n<p>In a new <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/blog\/ecosystem\/binance-labs-invests-in-rango-to-enhance-crosschain-swap-and-bridge-for-billionuser-expansion-1359034037599198149?lang=en\">blog post<\/a>, the world\u2019s largest crypto exchange by volume says that it is investing an unspecified amount of money into interoperability DEX Rango.<\/p>\n<p>Rango is a cross-chain exchange that aggregates sources and connects traders to the best rates across multiple blockchains, including Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>), Solana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/solana\">SOL<\/a>), Tron (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/trx\">TRX<\/a>) and Cosmos (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/atom\">ATOM<\/a>).<\/p>\n<p>According to Binance, Rango currently supports over 60 digital assets, 70 DEX protocols, and 20 bridges, bringing its total volume to over $3 billion. As of June 19th, Rango has processed over 2.5 million crypto-related swaps and is handling over 3,000 trades daily.<\/p>\n<p>Traders can access Rango via popular crypto wallets such as Exodus, Compound, TrustWallet, and Binance\u2019s proprietary wallet.<\/p>\n<p>Binance says that by focusing on decentralized finance (DeFi) infrastructure, Rango will usher in the next billion DeFi users.<\/p>\n<p>As stated by Yi He, co-founder of Binance and head of Binance Labs, in the press release,<\/p>\n<p><em> \u201cRango\u2019s suite of services aligns with Binance Lab\u2019s goal of supporting projects that bolster cross-chain development and innovation. We look forward to seeing Rango\u2019s journey as it continues to shape the DeFi space.\u201d<\/em><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Featured Image: Shutterstock\/DigitalAssetArt<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Binance\u2019s venture capital arm is announcing an investment into a new cross-chain decentralized exchange (DEX) and bridging aggregator. In a new blog post, the world\u2019s largest crypto exchange by volume says that it is investing an unspecified amount of money into interoperability DEX Rango. Rango is a cross-chain exchange that aggregates sources and connects traders [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":65790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-327018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=327018"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327018\/revisions"}],"predecessor-version":[{"id":327025,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/327018\/revisions\/327025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/65790"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=327018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=327018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=327018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}