• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Binance

Binance CEO Bullish Prediction: DeFi To Outperform CeFi In Upcoming Market Rally

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Binance CEO Changpeng ‘CZ’ Zhao made a confident assertion last July that decentralized finance, commonly referred to as DeFi, is poised to rise above centralized finance, or CeFi, in terms of prominence and significance within the financial landscape. According to his forward-looking perspective, this transformative shift is expected to materialize over the course of the next six years.

Zhao pointed out a recent rise in institutional interest in cryptocurrencies, seeing it as a validation of the industry and its technology. He believes that if even a small portion of the trillions of dollars controlled by institutional investors in the equity market were invested in crypto assets, it would significantly boost the cryptocurrency market’s growth.

Binance Boss Upbeat About DeFi Domination

Related Reading: The Road Ahead: What Bitcoin Traders Can Expect In The ‘Longest’ Crypto Bear Market

Even after two months have passed since his initial assessment, his conviction remains unwavering: he firmly believes that the realm of DeFi is on the brink of surpassing centralized finance in both prominence and significance within the broader financial landscape. This assertion reflects his steadfast belief in the transformative potential of DeFi, envisioning it as a force that will reshape how we perceive and engage with financial systems.

Live now.https://t.co/e4bVfhKwRB

— CZ 🔶 Binance (@cz_binance) September 1, 2023

In a live X Spaces event on September 1, known as CZ AMA, the Binance boss expressed his views regarding the future of DeFi. He said he believes that as the industry decentralizes, it will see improvements, and he also hinted at the possibility of DeFi overtaking CeFi in trading volumes in the near future.

“Defi is the future, the volume is somewhere between 5% to 10% of CeFi volumes, which is not small right […] the next bull run may very well make DeFi bigger than CeFi,” CZ said.

CZ’s claim was based on the most recent accomplishments of the industry. In the initial two quarters of 2023, the decentralized exchange (DEX) Uniswap, which holds the distinction of being the largest and most widely utilized DEX, exhibited superior performance in terms of spot trade volumes when compared to the centralized industry giant Coinbase.

Bitcoin still stuck in the $25K level. Chart: TradingView.com

According to DeFiLlama, the decentralized exchanges have reported a trading volume of approximately $12 billion within the past week. The proportion of DEX share in the overall market for spot trading of cryptocurrencies amounted to nearly 18%.

Volumes Are Up 

The median trading volume on the top three decentralized exchanges (DEX) reportedly increased by 444% over a 48-hour period following the United States Securities and Exchange Commission’s (SEC) legal action against centralized exchanges Coinbase and Binance on June 9. The 24-hour trading volume on DEXs is $722.7 million as of the time of publication.

Related Reading: August Crypto Startup Funding Hits 2-Year Low: Below $500 Million – Report

Meanwhile, Zhao reaffirmed the exchange’s commitment to compliance in response to the exchange’s recent regulatory challenges in a number of countries. Despite regulatory investigations and legal actions in countries such as Australia, the United States, Canada, and Europe, Binance is prepared to comply with regulations, according to Zhao.

In addition to anticipating the dominance of decentralized finance (DeFi) over centralized finance (CeFi) in the forthcoming bullish market, CZ also articulated the notion that cryptocurrency adoption should be embraced universally, albeit with varying degrees of urgency across different nations.

Featured image from OKX Exchange

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Bitcoin

Bitcoin, Ethereum, And Dogecoin Suffer Beatdown, But These Factors Say Get Ready For A Bounce

11 minutes ago
Bitcoin could reach $200,000 following Powell’s replacement

Mike Novogratz Sees Bitcoin at $200,000 Following Powell’s Replacement, as Bitcoin Hyper Soars

7 hours ago
Best Altcoins to Buy After Vanguard’s Big Crypto ETF Shift

Best Altcoins to Buy After Vanguard’s Big Crypto ETF Shift

8 hours ago
Kraken

Kraken Secures $500 Million In Latest Funding Round, Boosting Valuation To $15B

11 hours ago
Best Crypto Presales to Buy as SWIFT Tests Blockchain Payments with Ethereum Linea

Best Crypto Presales to Buy as SWIFT Tests Blockchain Payments with Ethereum Linea

11 hours ago
Vanguard

$10 Trillion Asset Manager Vanguard Prepares To Offer Access To Crypto ETFs For The First Time

12 hours ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    2 days ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    4 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    4 days ago
  • Snorter надхвърли $4 милиона след...

    5 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.