Serum (SRM) is a cryptocurrency project that brings the speed and low transaction fee options of the traditional financial system to the decentralized finance world. In addition to being a decentralized cryptocurrency exchange, Serum also hosts its own cryptocurrency, SRM. Built on the Solana blockchain network, Serum can be likened to Uniswap, which is based on the Ethereum network.
Decentralized exchanges can be defined as platforms that allow investors to trade peer-to-peer without any intermediary or central authority. SRM has definitely secured an important place in the DeFi sector by entering the market after identifying and evaluating the deficiencies in the current DeFi market. Positioned as a completely decentralized and non-custodial exchange, Serum stands out by not having any KYC requirements.
The Solana blockchain network reaches up to 50,000 transactions per second, which helps to bridge the gaps in the Ethereum network. Naturally, in such a transition, Serum is known to stand out as a decentralized exchange. Solana’s success is attributed to its use of the SHA 256 hash chain.
Where to Buy SRM Coin?
SRM Coin can be purchased from Binance, the world’s safest and largest cryptocurrency exchange. To buy SRM Coin on Binance, you first need to open a Binance account. Following that, the most liquid trading pair supported can be selected for trading.
Currently, there are four different trading pairs available on Binance: SRM/USDT, SRM/BTC, SRM/BUSD, and SRM/BNB. Among these, SRM/USDT stands out as the most used and highest volume trading pair. Users can easily complete their trading transactions by going to the SRM/USDT trading pair section on Binance.