Crypto

Binance hack could accelerate shift to DEXs: Standard Chartered

Summary

Standard Chartered suggests that a recent Binance security breach might speed up the transition toward decentralized exchanges. Analyst Geoffrey Kendrick indicates this trend could support long-term price growth for the Uniswap token by the end of the decade.

Standard Chartered’s Geoffrey Kendrick says the breach could accelerate a shift toward decentralized trading and strengthen his case for Uniswap’s UNI token reaching $100 by 2030.

Source: Read the full story at Cointelegraph.com News

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