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

Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.

By Bradley Keoun, Muyao Shen, Omkar Godbole, Sebastian Sinclair

Updated Sep 14, 2021, 9:56 a.m. Published Sep 16, 2020, 1:07 p.m.

Binance CEO Changpeng "CZ" Zhao says the centralized exchange's BNB tokens might benefit from the decentralization trend.