Binance, the major cryptocurrency exchange, has integrated the “Binance Widget” to the open-source web browser Brave (version 1.8).
It has been reported that Brave and Binance announced their integration on March 24, and until yesterday (April 30), a preview version of the widget was featured in Brave’s Nightly and Beta versions for testing.
Currently, Brave’s browser has over 13.5 million monthly active users, and Binance is the world’s largest cryptocurrency exchange by trading volume and users, whose integration enables millions of users across the globe to consistently trade and manage cryptocurrency, all without leaving the browser.
Today's desktop browser update (1.8.86) features the @binance widget (the first exchange-browser integration of its kind), enabling seamless cryptocurrency trading and management. Details and demo video here: https://t.co/fASyonRNcP — Brave Software (@brave) April 30, 2020
However, the Binance widget can be accessed from the “New Tab” page in user’s Brave desktop browser.
<img width="1000" height="765" src="https://www.cryptonewspoint.com/wp-content/uploads/2020/05/Binance-Widget-Features-In-Brave-Desktop-Browser.png" alt="Binance Widget Features In Brave Desktop Browser" class="wp-image-15235 lazyload" />
Brendan Eich, the CEO and Co-founder of Brave, said:
“Cryptocurrency trading can be a daunting task for users not familiar with such assets, so integrating Binance into the Brave browser makes the process seamless and simple.”
Eich added:
“By bringing a leading exchange like Binance directly into the browser, Brave is taking cryptocurrency trading mainstream and enabling users to conduct transactions with ease.”
Likewise, Changpeng Zhao (CZ), the CEO and founder of Binance, said:
“The Binance widget on Brave’s privacy-oriented browser instills a safer way to buy and sell crypto and also reduces user friction to onboard, trade and interact with the Binance ecosystem.”
CZ added:
“We are looking forward to our long-term partnership with Brave to make it even easier to interact with crypto and encourage more utility in the near future.”
<img width="948" height="987" src="https://www.cryptonewspoint.com/wp-content/uploads/2020/05/Binance-Widget-Features-In-Brave-Desktop-Browser1.png" alt="Binance Widget Features In Brave Desktop Browser" class="wp-image-15237 lazyload" />
As per the report, the integration offers several functions for managing, buying, and trading cryptocurrency, such as:
Summary: Viewing Binance account asset balances.
Deposit: Listing supported assets in the account, searching for specific assets, and viewing fiat value (Selecting an asset from this list will also reveal the deposit address in text and QRCode form).
Convert: Converting from one asset to another (A conversion quote is displayed for 30 seconds; the Binance widget reflects the new balance in the “summary” tab soon after the conversion has completed).
Buy: Buying and selling crypto assets (Purchases are reflected in the Binance widget shortly after they have concluded).
Steps for Interacting with Binance Account
To interact with Binance account, a user must follow the steps:
First, connect the Binance widget to Binance, which is done by clicking the “Connect” button on the widget itself.
Once this button has been clicked, a window appears, and the user is induced to authenticate with Binance.
After successfully authenticated, the Binance widget is fully operable. Any assets held by Binance are enumerated at this time.
As the Binance widget is built into the Brave desktop browser and is not a loaded iframe (remotely embedded document), it is designed to preserve the user’s privacy.
API calls will only be made into Binance if the user authenticates through OAuth and interacts with the widget.
Users can access the Binance.com or Binance.US (for US-based users, which currently offers the disconnected buy view but will soon feature an API) sites, and can trade cryptocurrencies such as Bitcoin, Ethereum, BNB, Ripple, Litecoin, and many others supported by Binance.
Also, users can easily disconnect their Binance widget by clicking “disconnect” from the dropdown menu in the widget. Disconnecting the Binance widget does not impact the user’s Binance account, and the Brave browser is not able to interact with a user’s account again until the user reconnects the widget.
The Binance widget is enabled by default on the New Tab page, but users can hide it by clicking the menu at the top right corner of the widget, and choosing “hide Binance” from that menu.
Thus, the Binance widget will be available on Brave’s mobile platforms later this year.