CZ debunks claims of Binance DEX geo-blocking

04 Jun, 2019
by David Robb
News
CZ debunks claims of Binance DEX geo-blocking

Binance CEO Changpeng 'CZ' Zhao has debunked claims made by some members of the crypto community about his company's new DEX. There were suspicions that the decentralized exchange was blocked for users in certain countries.

Launched back in April, Binance's DEX offers traders a more secure and decentralized version of the leading trading platform. It was reported yesterday that users in a number of different regions were to be blocked from accessing the DEX through the main Binance site, from the start of July.

A message told traders with IP addresses located in 29 countries that they were unable to access the DEX, including the U.S. This led some to question just how decentralized this new trading platform was. 

Earlier today, it was pointed out that users could make use of the TrustWallet app or other crypto storage software, in order to use the DEX instead. Responding to further queries, CZ insisted that there was in fact no geo-blocking of the DEX going on, it was just the main site itself that they were not able to access. He reminded them that as it was a DEX, there would be no way to directly block its use.

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