- PancakeSwap is the only decentralized exchange for the Binance chain.
- It has introduced Limit orders.
- A Limit order allows you to buy or sell at your own price.
PancakeSwap is the only decentralized exchange for the Binance chain. It has introduced Limit orders. In a tweet, the Pancakeswap team announced the addition of limit orders to its decentralised platform. The feature was made possible by Pancakeswap’s collaboration with Gelato Network. Gelato Network is an automated smart contract execution platform.
A limit order allows a user to buy or sell at their own price. The order will be executed if the market reaches the limit price. Order will not be executed if the market does not reach your limit price.
It is a decentralized exchange. In PancakeSwap investors can exchange BEP-20 tokens. The BEP-20 tokens are non-blockchain tokens. These tokens are built on top of the Binance Smart Chain. The platform is built on Binance Smart Chain rather than Ethereum. It provides a number of advantages.
Decentralized exchanges (DEX) are a type of cryptocurrency exchange. It enables direct peer-to-peer cryptocurrency transactions. It does so to take place online securely and without the use of an intermediary. A blockchain or distributed ledger replaces the typical third party entities that would normally oversee asset security and transfer in transactions made through decentralised exchanges.