Binance CEO Explains Strategy: Wallet and Alpha Over Launching a New DEX

Key Takeaways:Richard Teng says DEX growth is healthy for the crypto ecosystem, with over $480B in monthly volume according to DeFiLlama. Binance does not plan to directly compete by launching a DEX but is instead focusing on Binance Wallet and Binance Alpha. These platforms serve as bridges between CeFi and DeFi, offering users simple access to decentralized finance with Binance’s scale and security. DEX Growth Reflects Healthy Industry MomentumDuring a Binance Square AMA, CEO Richard Teng responded to a question about whether Binance plans to compete in the decentralized exchange (DEX) space, given the rise of platforms like Hyperliquid source: https://www.binance.com/en/square/post/28923996018858?utm_source=BinanceNewsRSS