Cryptocurrency exchange Binance has added the Binance Coin/Ether (BNB/ETH) trading pair to its decentralized exchange (DEX), according to a company announcement on Dec. 24.
The listing follows an initial proposal posted on the Binance community website a week ago by Binance CEO Changpeng Zhao, popularly known as CZ.
ETH BEP2 tokens will be issued on Binance Chain, pegged to and backed 1:1 by ETH assets held in a publicly disclosed reserve address. Binance will support conversion between native ETH and the Binance Chain equivalent through deposits and withdrawals.
This will provide an option for Binance DEX users to trade ETH on the decentralized platform.
There is also a project asset page on Binance DEX explorer.