- Binance Labs invests in Rango, enhancing cross-chain DEX.
- Rango facilitates secure and efficient token swaps across multiple blockchains.
- Partnership aims to enhance cross-chain solutions and drive DeFi growth.
Binance Labs, the venture capital and incubation arm of the world’s leading cryptocurrency exchange Binance, has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator.
The investment amount remains undisclosed, but the partnership aims to drive growth in the DeFi sector by facilitating seamless transactions across multiple blockchains. Boosting over $3 billion in transaction volume, Rango facilitates seamless transactions across various blockchains; 70+ DEXes and 20+ bridges to drive DeFi growth.
The protocol currently operates on major blockchains including Bitcoin, Solana, Tron, Cosmos Ecosystem, Starknet, and others. Additionally, Rango’s services are accessible through popular wallets and decentralized applications (DApps) like TrustWallet, Exodus, Binance Web3 Wallet, and Compound.
By aggregating liquidity from various sources, Rango ensures optimal trade prices for users, reducing slippage and enhancing effi…
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