On the Binance app, the decentralized exchange has added a “mini-program” that lets you do things like buy and sell coins.
It’s PancakeSwap (CAKE), a decentralized exchange (DEX) built on the Binance Smart Chain. In the last 24 hours, it has gone up 28%. The news comes after PancakeSwap announced a deal with Binance, the world’s biggest cryptocurrency exchange, to work together.
Before the announcement, the token was trading for about $5.50. After the announcement, it was trading for about $7. This is what the price of the token was at the time of this writing.
People can now use the Binance app to use the ‘PancakeSwap Mini-Program’, which is the first decentralized finance project on Binance’s mobile platform. There will be a “Mini Program” that starts Thursday, and it will eventually be available to everyone who has the app on their phone.
PancakeSwap will be available to Binance users through their app. This will make it easier for them to get into DeFi, which is what the launch is all about. Binance has also added a DeFi Wallet to its app, which lets users move money and use DApps like PancakeSwap.
If you buy CAKE today, it’s going up 28%, but it’s still 86% off its all-time high, which was reached in April 2021. It’s still not as big as it was in 2021, according to data from Nansen, but it’s still not as big as it was then.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.