Ledger adds Binance Chain support for latest hardware wallet Nano Ledger X

06 Jun, 2019
by Ryan Boltman
Ledger adds Binance Chain support for latest hardware wallet Nano Ledger X

Ledger have announced that Binance Chain support is now available for their latest hardware wallet, the Nano Ledger X 

The announcement now means that Ledgers Nano S and X models have Binance Chain compatibility, allowing users to connect their Ledger Nanos directly to Binance DEX for trading, ensuring users coins are kept on their Ledger and not on any exchange.

Binance DEX, which recently launched has seen consistent growth over the days following the launch, and continues to grow in daily volume with $13.5 million in daily volume now being recorded.

Ledger Executive Chairman Eric Larchevêque commented on the latest move, saying "With Binance’s Decentralized Exchange now live, we are happy to be able to provide Ledger’s security support, Investors can now trade assets through the Binance DEX with unparalleled security assurance that the Ledger Nano S provides."

The popularity of decentralized exchanges will continue to grow following the recent closure and hacks of several prominent crypto exchanges in 2019.

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