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Changpeng Zhao Highlights The Benefits Of Centralized Finance As DeFi Projects Continue To Dominate Headlines
Summary: Founder and CEO of Binance, Changpeng Zhao, highlighted the advantages of centralized finance over DeFi in a recent tweet as popular projects like Yearn Finance and SushiSwap garner mass attention. Zhao pointed out that centralized finance offers vetted projects and tokens. A reputable centralized exchange, like Binance, benefits from maintaining a quality selection of products. ...
Founder and CEO of Binance, Changpeng Zhao, highlighted the advantages of centralized finance over DeFi in a recent tweet as popular projects like Yearn Finance and SushiSwap garner mass attention.
Zhao pointed out that centralized finance offers vetted projects and tokens. A reputable centralized exchange, like Binance, benefits from maintaining a quality selection of products. However, he acknowledged that vetting from a centralized party is not a bulletproof solution.
His second argument is that DeFi limits users to one project, while BNB staked on Binance can earn multiple yields or tokens at the same time.
By Emily Mason
Tags: Binance,BNB,CeFi,Changpeng Zhao,DeFi
Link: Changpeng Zhao Highlights The Benefits Of Centralized Finance As DeFi Projects Continue To Dominate Headlines [Copy]
