/biz/ - Business & Finance

https://www.coindesk.com/binance-ceo-defi-cannibalize-crypto-exchange

“Our mission is not to build a CeFi exchange,” Zhao said in an interview with CoinDesk, using a shorthand term for centralized finance. “Right now it is one of our larger businesses that support our growth. But over the long term, we want to push decentralization.”

“We just experiment with a bunch of different things, that something will stick,” he said. “And when something sticks, we want to push ourselves and also push our innovation in the same space.”