CEO of Binance Believes 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 attempting to guard 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 that have demonstrated fertile for designers building decentralized, blockchain-based trading and lending