On March 13 Binance announced the launch of its blockchain platform. Binance has conducted a comprehensive research on the nature and current technologies of blockchain paradigm and has extracted key points of improvement of the exchange with the introduction of the platform. Namely, the blockchain will focus on asset trade and transfer that are specific to the platform. The key parameters of the Binance Chain will be its performance, usability and liquidity.
Moreover, Binance is likely to launch a separate decentralized exchange that will have its own token. This is hinted within the statement as Binance Coin (BNB) will be renewed for blockchain mainnet. With this shift, Binance announced its transition from a company to a community, and will act as a venture platform for all-new coins and ICOs. Although BNB is an ERC20 token that lives on Ethereum blockchain, its use was limited to customer deposits and withdrawals as most of transactions were settled off-chain - initially, Binance is a centralized cryptocurrency exchange.
In the end, Binance will operate both centralized and decentralized exchanges in the coming future, cooperating with one another and staying independent nonetheless. Looks like, Binance is turning into a solution for a full range of cryptocurrency services.