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News

Zhao Changpeng Clarifies Statements on DEX and AstherusHub

2 mins mins
Key Points:
  • Zhao Changpeng addresses clarity on DEX versus CEX.
  • His remarks focus on AstherusHub’s design.
  • The statement realigns community understanding.

Binance’s Zhao Changpeng discusses DEX vs. CEX and AstherusHub, amidst recent market dynamics.

Zhao Changpeng, former CEO of Binance, recently posted on social media platform X, addressing the comparative efficiency of decentralized exchanges (DEX) and centralized exchanges (CEX).

Zhao Changpeng Weighs In On DEX Versus CEX Efficiency

Zhao Changpeng, former CEO of Binance, recently posted on social media platform X, addressing the comparative efficiency of decentralized exchanges (DEX) and centralized exchanges (CEX).

His comment sparked discussions due to its mention of AstherusHub, emphasizing technical differences and market implications. Zhao clarified that the post was unrelated to an ongoing Hyperliquid incident, but rather based on experiences with AstherusHub, a Binance Labs portfolio project on the BNB Chain. The message attracted significant attention due to the broader context of Zhao’s recent actions, including his decision to step down as CEO amidst strategic challenges faced by Binance.

Zhao Changpeng (CZ), former CEO of Binance, commented, “I know I’m not that smart. When I don’t understand something, I will admit it, and I often feel that those impressive people must have some tricks that I don’t know to achieve what I can’t. But occasionally, I find that the most basic rules still apply.”

AstherusHub: Highlighting Distinctive Features Amid Market Challenges

Did you know? Zhao Changpeng’s reflections on CEX and DEX came amid his recent departure as Binance CEO, highlighting trends towards transparency in leadership transitions.

AstherusHub’s unique features, such as a lack of liquidation prices and the use of an automatic deleveraging mechanism (ADL), were highlighted to prevent problems similar to those encountered during the Hyperliquid incident.

bnb-daily-chart-2
BNB(BNB), daily chart, screenshot on CoinMarketCap at 21:26 UTC on March 26, 2025. Source: CoinMarketCap

Investors responded cautiously, noting Zhao’s emphasis on understanding the foundational principles of financial systems. The former CEO’s transparent acknowledgment of his limitations generated diverse opinions among cryptocurrency enthusiasts and market analysts. Zhao’s comments reignited debates on the advantages of DEX over CEX and the evolution of decentralized finance landscapes.

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Avatar of John Kojo Kumi

John Kojo Kumi

26 March 2025, 21:29:57 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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