TechFlow news — On August 17, Alchemy Pay hosted the 2020 Blockchain Ecosystem Cooperation Conference in Shanghai. Binance founder Changpeng Zhao delivered a keynote speech titled "Binance's Ecosystem Development and Compliance Growth." Zhao emphasized that Binance places great importance on security and compliance, noting that every exchange should strive toward full regulatory compliance. Regarding the currently popular DeFi sector, Zhao described it as an innovative concept, predicting that only about 10% of projects will succeed in the long run, but affirming Binance’s strong recognition of DeFi's breakthrough significance for the blockchain industry. He added that many financial institutions have already entered the blockchain space, further expanding the application scenarios for cryptocurrency payments. CZ also encouraged traditional financial markets to gain deeper understanding of blockchain technology, stating that Binance aims to serve as a bridge between traditional finance and digital assets.
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