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Binance is Investing in Decentralised Finance

By Yugocean | Crypto Champion | 24 Oct 2022


According to Binance CEO CZ, the exchange is aggressively funding decentralised finance (DeFi). despite the fact that CZ did not classify it as financial advice.

DeFi is the only sort of trading that can be compared to gambling. There are financial dangers, including scams, hacking, excessive volatility, etc. As a result, investing in DeFi is not recommended because it is merely an effort to make money by incurring risks.

Which defi is being invested in by Binance is not specified by CZ. In addition, it is unknown how many Defi projects are selected by Binance. However, past experience hits at Pancakeswap.


Thoughts 

CZ knows that there are risks, and that advertising should not be used to disseminate information about risky investments. It is up to the individual investors who decide to take the risk of investing in DeFi.

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Yugocean
Yugocean

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