Changpeng Zhao, the CEO of crypto exchange platform Binance, made a proclamation during an AMA session at X; he believes the DeFi sector has the capacity to exceed Centralized Finance (CeFi) during the next cryptocurrency surge.
As reported by Cointelegraph, Zhao stated:
“DeFi is the future, its volume is about 5-10% of CeFi, which is not insignificant. The next bull run could make DeFi much bigger than CeFi.”
He has further added that the more decentralized the cryptocurrency market gets, the better. His sentiments were echoed by the ruling of the court, which threw out a class action suit against the Uniswap decentralized exchange for supposed unregistered securities.
n a positive development. The Binance CEO argued that every country needs to adopt the digital asset industry if they wish to stay ahead of the competition in terms of monetary innovation.
After the sixth-year anniversary of Binance’s foundation, Zhao spoke on the industry’s clear regulation, however, noting a clear disparity in the worldwide acceptance for cryptocurrencies.