DeFi is here to stay despite signs of a bubble, says Binance CEO
Cointelegraph
Published Nov 17, 2020 05:38AM ET
Updated Nov 18, 2020 07:40AM ET
Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble.
In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely.”
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Written By: Cointelegraph
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