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Binance launches Binance Bridge 2.0 to integrate CeFi and DeFi -Breaking

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Binance Bridge 2.0, the central cryptocurrency exchange Binance, was launched Tuesday. It allows users to link assets across any blockchains, not just tokens listed in the Binance app. The Funding or Spot Wallet will store bridged tokens that are listed on Binance, and unlisted bridged tokens only will go to the Funding Wallet.

Through regular deposit or withdrawal, users can easily bridge-in and out of tokens from their respective native blockchains to BNB Chain. Binance plans to improve its mobile app in the future to make it easier for users to convert between their native blockchains and BNB Chain. Mayur Kamat from Binance’s product team said this about the latest development.