Binance Invests in Rango, Interchain DEX Aggregator Supporting Bitcoin and 60+ Digital Assets

Binance, the world's largest cryptocurrency exchange in terms of transaction volume, announced its latest investment through its venture capital arm. The aim is to promote cross-chain interoperability in decentralized finance . Rango, which received this investment, is a cross-chain decentralized exchange and bridge aggregator that aims to revolutionize the DeFi space by connecting multiple blockchains.

Rango: Bridging Multiple Blockchains

Rango stands out in the market by bringing together different DEX resources and providing access to the best trading rates between different blockchain networks. It currently supports more than 60 digital assets and works integrated with 70 DEX protocols and 20 bridges. This extensive network allows it to handle high transaction volumes, reporting over $3 billion in total volume and more than 2.5 million cryptocurrency exchanges as of June 19.

According to Binance, this investment represents an important step in developing the DeFi infrastructure. Rango's services, which can be accessed through popular crypto wallets such as Exodus, Compound, TrustWallet and Binance's own wallet, are expected to attract significant new users to the #DeFi ecosystem. Binance co-founder and Binance Labs president Yi He emphasized that Rango's services align perfectly with Binance Labs' vision of cross-chain development and innovation, and expressed optimism about Rango's potential to shape the future of #DeFi .

Ultimately, Binance's investment in Rango highlights the growing importance of cross-chain interoperability in the DeFi industry. By bringing together multiple blockchain resources and delivering seamless trading experiences, Rango will play a critical role in the next wave of DeFi adoption. This strategic move by Binance signals not only Rango's potential, but also a broader trend towards improved scalability and inclusivity in the cryptocurrency market.
$BTC