Binance Wallet Launches DEX Pro Mode to Cut Gas Fees and Boost Trading Efficiency

Binance Wallet has introduced a new feature known as DEX Pro mode, designed specifically for experienced traders to enhance their decentralized trading experience. The feature introduces automated limit orders with zero upfront gas fees, combining the convenience of self-custody with advanced trading tools. This innovation aims to reduce transaction costs and improve order execution efficiency, particularly for traders who frequently place and manage multiple orders.

DEX Pro mode leverages Secure Auto Sign technology, which operates within a Trusted Execution Environment (TEE) to protect private keys from external access. This allows users to place and manage multiple limit orders without repeated transaction approvals. The key advantage is that gas fees are only charged when orders are executed, not during their placement or cancellation. This cost model reduces financial risk and encourages more strategic trading behavior. Additionally, traders can maintain access to their funds even while orders are pending, increasing flexibility and liquidity management.

The feature also supports simultaneous order placement, letting users manage different tokens and price targets within a single wallet balance. This is a notable step toward bridging the gap between centralized and decentralized trading, offering the intuitive order management of a centralized exchange while preserving the security of a non-custodial wallet. Users retain full control over their private keys and can revoke or modify orders at any time without incurring gas fees.

Winson Liu, Global Lead of Binance Wallet, highlighted the innovation as a way to empower traders with greater freedom and control, blending the convenience of centralized platforms with the transparency of decentralized systems. The DEX Pro mode is positioned as a key advancement in the evolution of Web3 trading tools, aiming to make sophisticated strategies more accessible and secure for experienced users.

DEX Pro mode represents a strategic move by Binance to cater to a more advanced user base, offering them a more efficient, secure, and cost-effective way to trade on decentralized exchanges. As the crypto market continues to evolve, Binance’s focus on improving user experience through such innovations could further strengthen its position in the competitive digital asset space.

Source: [1] Binance Wallet Introduces DEX Pro Mode With Potential Gas Fee Savings for Experienced Traders (https://en.coinotag.com/binance-wallet-introduces-dex-pro-mode-with-potential-gas-fee-savings-for-experienced-traders/)