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26 October 2020

How the DeFi Craze Made Its Way to China - CoinDesk

How the DeFi Craze Made Its Way to China - CoinDesk


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“Centralized exchanges are pooling money from retail inventors to invest in DeFi so that millions of Chinese smaller investors can afford the high gas fees in the projects,” Wu said.

Binance, Huobi and Kucoin, three exchange giants birthed in China, have made efforts to get into the DeFi space

Binance recently rolled out its patented blockchain, where developers can build DeFi applications on the platform, while Huobi launched DeFi Labs to back DeFi hopefuls

All three exchanges have listed DeFi assets such as governance tokens for trading. 

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