PancakeSwap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete.
The #1 AMM and yield farm on Binance Smart Chain.
Used by millions trusted with billions.
Pancake Swap has the most users of any decentralized platform, ever.
And those users are now entrusting the platform with over $4.9 billion in funds.
Trade anything. No registration, no hassle.
Trade any token on BNB Smart Chain in seconds, just by connecting your wallet.
Earn passive income with crypto.
PancakeSwap makes it easy to make your crypto work for you.
CAKE makes our world go round.
CAKE token is at the heart of the PancakeSwap ecosystem. Buy it, win it, farm it, spend it, stake it... heck, you can even vote with it!
The people's choice
PancakeSwap is the leading decentralized exchange on BNB Smart Chain, with the highest trading volumes in the market (sources: 1 2).
Why pay more? PancakeSwap runs on BNB Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges too, so that's a double win for you!
Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, PancakeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
Earn CAKE and other tokens for free with super high interest rates.
Earn tokens with Syrup Pools
Stake CAKE, earn free tokens. It’s really that easy. CAKE holders right now are earning tens of millions of USD worth of free tokens each week from major projects. New projects join the party frequently, so you can earn more, for even longer.
Earn CAKE with Yield Farms
Stake LP tokens, earn CAKE. You take on a little more exposure to market fluctuations than with the Syrup Pools, but can earn higher APR to offset the risk.
Earn Trading Fees
No farm? No problem. Even if your trading pair isn’t supported on the Farms page, you can still earn trading fees when you stake your tokens in Liquidity Pools (LPs).
PancakeSwap makes making money fun.
Millions of dollars regularly go up for grabs on the PancakeSwap Lottery. Join as many as 11,000 daily players for your chance to win big!
Win collectible NFTs for participating in trading competitions and more fun & games.
Win BNB if you can predict whether the BNB price will rise or fall. New rounds every 5 minutes!