Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Galaxy on September 10, 2020, 08:08:39 PM
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Binance continues to chase after decentralized finance (DeFi) by giving its new decentralized public chain Binance Smart Chain (BSC) access to its centralized exchange (CeFi). The global cryptocurrency exchange giant is putting in$100 million to support DeFi projects on BSC.
Binance CEO Changpeng Zhao (“CZ”) announced the plan during the company’s World of DeFi summit on Thursday. It's a “bridge” between DeFi and CeFi, an integration between Binance, the exchange, and BSC, the Binance-owned public chain.
Info link: https://www.coindesk.com/binances-cefi-and-defi-100-million-fund