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 <p class="is-style-lead">Binance CEO Changpeng Zhao announced plans to enhance the security and usability of defi <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s, acknowledging current weaknesses and committing to future improvements.</p>
 <p>Binance CEO Changpeng Zhao, commonly referred to as CZ, talked about problems with defi <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s at Binance Blockchain Week in Turkey. Zhao said they’re not safe enough and they’re tough to use. Zhao’s company has started to tackle these issues with their new web3 <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>, but the Binance head admits there’s much more work to be done.</p>
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">#Binance is now your one app for all things Web3. <br><br>Our new Web3 Wallet lets you connect DeFi to CeFi in one click. <br><br>Try it and let us know what you think. <br><br>https://t.co/OoxJUABjzU pic.twitter.com/rK3ukNCy8l</p>— CZ Binance (@cz_binance) November 8, 2023
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> SEC sues Binance and CZ for securities violations
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 <p>Zhao outlined that Binance aims to make defi <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s safer and easier to use. Defi has seen quick growth, but faces security issues and is often complicated for the average person. Binance’s web3 <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> is their initial effort to create a better and more secure <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>.</p>
 <p>The Binance CEO committed to dedicating more time to <a rel="noopener noreferrer nofollow" title="improving" href="https://thebittimes.com/tag/improving.html">improving</a> defi <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a>s, and the company’s attention to defi <a rel="noopener noreferrer nofollow" title="wallet" href="https://thebittimes.com/tag/wallet.html">wallet</a> security and ease of use is a sign that they’re aiming to make defi more accessible to more people.</p>
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  <div class="wp-block-embed__wrapper"><iframe title="Binance DeFi Wallet Tutorial (Setup, Connect &amp; Transfer)" width="1020" height="574" src="https://www.youtube.com/embed/Zy8869HLR70?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Binance’s CZ expects Bitcoin to hit new all-time high in 2025
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/binance-ceo-focused-on-improving-defi-wallets-tbt69738.html">https://thebittimes.com/binance-ceo-focused-on-improving-defi-wallets-tbt69738.html</a></p>

Binance CEO focused on improving defi wallets

TheBitTimes

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