First Mover: Binance CEO Sees Future in DeFi While Bitcoin Volatility Turns Minuscule

It might be part of every job in crypto to anticipate and react to fast-moving developments that seemingly change the industry’s direction overnight.  And apparently not even Changpeng “CZ” Zhao, the high-profile leader of Binance, the world’s largest cryptocurrency exchange, is immune to the industry’s capricious shifts.  In a video interview with CoinDesk’s Muyao Shen, Zhao acknowledged […]

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Binance CEO Says He Fully Expects DeFi to Cannibalize His Crypto Exchange

Binance CEO Changpeng “CZ” Zhao acknowledges the contradictions inherent in trying to tap into the fast-growing business of decentralized finance, or DeFi, while trying to defend his company’s reign as the world’s largest cryptocurrency exchange. The company’s new foray into DeFi, Binance Smart Chain, attempts to replicate some of the features of the Ethereum blockchain […]

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First Mover: Binance’s CZ Doesn’t Even Dispute That DeFi Might Be Inevitable

Blockchain-based lending and trading systems known as “decentralized finance,” or DeFi, have dominated recent cryptocurrency-market headlines, with collateral locked into the semi-automated platforms surging 10-fold this year to more than $9 billion. DeFi trading platforms like Uniswap, Curve and Balancer have appealed to cryptocurrency traders with their low cost and ease of use, and they’re now starting to steal a growing and no-longer-negligible share […]

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