Binance’s new product provides its centralized exchange users with access to DEX trading directly from their Binance accounts. This could be the next evolution of crypto exchanges, merging DEX and CEX trading.
Binance just launched its new product, Binance Alpha 2.0, which ties centralized (CEX) and decentralized (DEX) trading together. The aim is simple: let users buy tokens on-chain right from the Binance interface, making things less complicated.
The first Binance Alpha sat inside the Binance Wallet. It allowed people to grab tokens that Binance picked out based on what they know—new projects with a lot of community excitement and rising interest. But not every DEX token was included. Binance was choosy about it and wanted to spotlight tokens that had potential.
Back then, Binance was upfront that showing up on Alpha didn’t mean a spot on the main exchange was locked in. It was more of a “maybe later” thing, not a done deal, and they didn’t officially stand behind those projects. They told users not to count on every Alpha project doing well. It was a cautious approach, likely to keep expectations in check while still giving smaller projects some visibility.
Now, Binance Alpha 2.0 is changing things up. It’s part of the Binance Exchange itself, so there is no need to deal with outside wallets or set up anything on-chain. People can just use the funds in their Spot, Funding, or other accounts to buy Alpha tokens. It makes DEX trading a lot easier—no extra hassle or gas tokens to worry about. This setup feels like a natural next step, cutting out the clunky parts of decentralized trading.
They also added a perk: no trading fees for Alpha 2.0 trades from March 17, 2025, to September 17, 2025. However, users still have to handle the network fees for on-chain trading since those don’t disappear.
Right now, Binance Alpha 2.0 is still being tested. You can’t pull tokens out or send them to other wallets or platforms unless they are also on Binance Spot. Plus, it’s only open to people in some regions, not everyone yet.
Users seem to be into it, though. Since it started, Alpha 2.0 has seen over $150 million in trading volume, with a lot coming from big memecoins on Solana, Base, and Ethereum.
With Alpha 2.0, Binance looks like it’s facing the rise of decentralized exchanges, which have been cutting into its space. By bringing DEX trading into its own system, Binance can keep its huge user base happy and take a small step into the DEX trading game.
This could hint at where crypto trading is going: mixing centralized and decentralized trading on one platform. Binance seems set to guide that shift.