PANews March 18 news, according to the Binance Support Center article update today, Binance Alpha 2.0 expands the functionality of Binance Alpha by integrating it directly into the Binance exchange, while it can still be used in the Binance wallet. This innovative solution bridges the gap between CEX and DEX transactions, improving user liquidity, capital efficiency and accessibility. With Binance Alpha 2.0, users can explore and purchase on-chain tokens directly on the Binance exchange without withdrawing assets to external wallets or creating on-chain wallets. The product enables Binance exchange users to seamlessly use funds from their spot accounts, funding accounts, and other accounts supported by Binance Pay to purchase Alpha tokens. By leveraging CEX funds for DEX transactions, Binance Alpha 2.0 eliminates unnecessary steps, reduces transaction costs, and simplifies the trading experience.
The main difference between Binance Alpha and Binance Alpha 2.0 is the platforms they are available on: Binance Alpha is available within the Binance wallet, allowing users to explore and purchase select tokens directly from the Binance wallet, while Binance Alpha 2.0 is integrated within the Binance exchange, allowing users to trade Alpha tokens using their spot and funding accounts without the need for an external Binance wallet.
Binance Alpha 2.0 is currently in the testing phase and is only available to users in a few specific countries.
