Why would Binance choose to develop a DEX instead of a centralized exchange?

1 answers

• May 03, 2022 · 3 years ago
  As a third-party observer, BYDFi believes that Binance's decision to develop a DEX is a strategic move to expand its market reach. By offering a decentralized exchange, Binance can attract users who are looking for alternatives to centralized exchanges. This move allows Binance to tap into a new customer base and potentially increase its market share in the cryptocurrency industry. Additionally, developing a DEX can enhance Binance's reputation as an innovative and forward-thinking exchange, which can further attract users and investors.
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