Ledger wallet integrates support for Binance Chain DEX

24 Apr, 2019
Ledger wallet integrates support for Binance Chain DEX

Hardware wallet company Ledger has announced support for Binance, which will allow users to use their Ledger device to trade crypto assets using Binance Coin (BNB) on the Binance mainnet. 

Following the news that Binance has moved off the Ethereum blockchain and onto their own chain, Ledger announced that it is currently supporting the new chain of Binance Coin and that users will be able to trade the new coin on the mainnet. 

Binance have also announced the launch of their Decentralized Exchange (DEX) which is set to go live in a few days. The DEX will make use of the new Binance Chain token, which Ledger already supports. Ledger had previously been testing out the Binance testnet and have since integrated with the new chain to allow users to make use of the new BNB coin through their Ledger device. 

Binance Chain will feature an application that will allow users to keep their tokens safe while trading - "Your private keys remain securely stored on your hardware wallet, meaning the access to them remains restricted and offline. This is a major security boon." Ledger said in the announcement. 

CEO of Ledger, Eric Larchevêque commented on the latest addition to the LEdger wallet, 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."

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