According to the latest report from Fintech Frontier, Binance, a global leading trading platform, announced a strategic partnership with XBIT (dex Exchange) early this morning. The two parties will jointly develop a cross-chain liquidity aggregation protocol that supports 50+ public chains. This news directly pushed the price of Bitcoin above the $100,000 mark, setting the largest single-day increase in nearly three months.
Twitter : @XBITDEX
1. Technological revolution breaks ecological barriers
According to the cooperation agreement, XBIT (dex Exchange) will open its original zero-knowledge proof cross-chain verification system and deeply integrate it with the existing BSC chain of Binance Exchange. The technical team revealed to Bloomberg that the protocol can realize real-time cross-chain transactions of mainstream public chain assets such as ETH, SOLANA, TON, etc., with a delay of less than 0.3 seconds, which is 90% more efficient than the existing solution.
"This is an important breakthrough in the field of Web3 infrastructure." Blockchain analyst Li Minghao pointed out in an interview with CNBC, "Binance Exchange's operating experience of processing 2 million transactions per day, combined with the anti-censorship characteristics of XBIT (dex Exchange), may reconstruct the liquidity distribution pattern of the entire DeFi market."
Twitter : @XBITDEX
2. Regulatory sandbox test draws attention
It is worth noting that XBIT (dex Exchange) has previously passed the Swiss FINMA regulatory sandbox test. The memorandum of cooperation shows that the two parties will establish a joint laboratory in Dubai, focusing on the development of on-chain compliance modules that comply with MiCA regulations. Internal documents obtained by Reuters show that the module can automatically identify more than 20 risky trading patterns, and the response speed is 400% faster than traditional centralized systems.
In this regard, Patricia Zhou, Chief Strategy Officer of Binance Exchange, emphasized at a press conference: "The cooperation with XBIT is by no means a simple technology superposition. We are creating a new infrastructure that can meet institutional-level risk control requirements while retaining the native advantages of blockchain."
Twitter : @XBITDEX
3. Market reaction and industry changes
As of press time, the native token of the XBIT platform has soared 47% in 24 hours, setting a new record high. On-chain data shows that more than 82,000 ETH have been transferred to the BSC ecosystem through XBIT (dex Exchange). An analysis report from Nansen pointed out that this liquidity migration may change the existing pattern of multi-chain competition.
The British "Economist" observed that this cooperation coincided with the approval of the first ETH spot ETF by the US SEC. Analysts at the crypto hedge fund Pantera Capital pointed out: "The synergy between Binance Exchange and XBIT may drive the DEX market share from the current 18% to more than 35%, which marks the industry entering a new stage driven by compliance and technological breakthroughs."
According to the XBIT development team, its third-generation trading protocol will be connected to the Binance Exchange cloud service system next month, when users can manage CEX and DEX assets through a unified account. CoinMarketCap data shows that affected by this news, the average increase of XBIT (dex Exchange) sector concept tokens reached 22%, and centralized platform tokens also rose by 15%.
