Binance CEO Changpeng Zhao Says Crypto Space Longs For More Decentralized Exchanges

It’s been just revealed the fact that the chief exec of the world’s largest cryp[to exchange platform by volume said that the crypto industry requires more DEXs. Check out the latest reports below.

In a recent thread, Binance CEO Changpeng Zhao says that even though DEXes can be flawed and he runs a massive centralized crypto exchange (CEX). He believes decentralized crypto-swapping platforms are exactly what the industry needs.

“We need more DEXs. PancakeSwap has most of the users. Uniswap has most of the TVL [total value locked]. That’s still ‘too centralized’… (I know, imagine that coming from me.) Need more options.”

It’s been revealed that the latest iteration of PancakeSwap, a prominent DEX, launched on both BNB Chain and Ethereum (ETH).

Zhao also talked about the suggestion that Binance should create some sort of hybrid crypto exchange platform that would combine the self-custody of DEXes with the liquidity and performance of CEXes.

Zhao said that such a task would be “easier said than done” as blockchain technology currently lacks the required throughput.

“Easier said than done. Have to ensure fund security too. Make sure the counterparty of the trade gets paid and no one can scam the system, ie, real-time settlements. Blockchain throughput is just not there yet.”

VanEck CEO said that BTC and gold would see some impressive moves these days.

It’s been revealed that these two are likely to take off on huge multi-year bull cycles.

In a new interview with CNBC, van Eck is forecasting that economic conditions will probably increase the value of gold and Bitcoin which many investors view as a hedge against depreciating currencies.

He also made sure to say that US banking troubles have already led to increasing value for both assets.