PancakeSwap announced partnership with Binance

PancakeSwap announced this Thursday, March 17, through its Twitter account, its new partnership with Binance, where the chefs also revealed the initial launch of the PancakeSwap mini-program on the Binance mobile application.

Image about PancakeSwap’s Twitter post

“Dear CAKE holders, after working closely with the Binance team for the past few months, we are very excited to reveal the beta launch of the PancakeSwap Mini program on the Binance mobile app! Starting today, access to PancakeSwap will gradually open up to Binance mobile app users”, he said in an article posted on the Medium platform.

The company explained that this also marks PancakeSwap as the first DeFi project to launch a Mini Program within the Binance ecosystem using the first version of the Binance DeFi Wallet. While we are gradually adding more of our features to the Mini Program, we believe this will be an important step for PancakeSwap to further grow our user base, liquidity, trading volume, and impact within the BNB Smart Chain (BSC).

What is a Binance Mini Program?

According to the company, the PancakeSwap Mini program is directly accessible from the latest Binance mobile app and offers a seamless user experience for Binance users to try, experience and fall in love with our decentralized platform. Together with the Binance DeFi Wallet, users can create a wallet, transfer funds, and use PancakeSwap, all within the Binance mobile app.

What is the Binance DeFi wallet?

This is a non-custodial decentralized Web3 wallet within the Binance app. The wallet currently limits transfers to and from the Binance CEX Spot Wallet only – it eliminates the need to copy, paste and verify the wallet address to withdraw from and deposit back into the Binance CEX Spot Wallet. At least for now, no more double, triple, quad address verification, sweaty hands, and anxiety about new users diving into the DeFi waters!

Also read: Babylon Finance announced integration with Picle Finance

Why is this important to PancakeSwap?

In his opinion, PancakeSwap is currently the most popular decentralized platform (in terms of number of users), but we are always looking for more ways to invite new users to our platform. With more users and their funds, we can further enhance our core DeFi trading experience with great liquidity from a broad pool of assets. We will also be able to scale our other products loved by our community.

“While most DeFi users in the market should have already heard of or used PancakeSwap, imagine the potential of crypto newcomers brought in by Binance and its CEX. These new users may not have the experience of creating a Web3 wallet, adding liquidity, staking, trading a wide variety of assets, participating in decentralized IFOs, etc. The PancakeSwap Mini program offers the best avenue to invite and educate these users about DeFi. Experience”, he specified.

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