In the 'CEO Connect: June Edition' AMA, when asked about the role of DeFi and centralized exchanges in an environment increasingly leaning towards DeFi, Binance CEO Richard Teng stated that the rapid development of DeFi brings positive signals to the entire crypto ecosystem, but centralized exchanges will still play an important role, especially since current DeFi has yet to reach all users. While crypto-native and seasoned users can easily use DeFi, some users still prefer the convenience, security, and user-friendly experience offered by centralized platforms.
Richard Teng also stated that Binance is actively adapting to this evolving landscape and is committed to building a bridge between CeFi and DeFi. For example, the launch of Binance Wallet and Binance Alpha provides users with a seamless entry into Web3 and DeFi.