What is the future of Decentralized Finance? The decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable. As a result of this, in the next 5-10 years, DeFi is most likely to grow about 90 times larger than it's capacity and potentials today or even more. What is Decentralized Finance? DeFi, or decentralized finance, is an overarching phrase for financial services operating on public blockchains. In DeFi, you can do almost everything traditional banks support but faster. This includes earning interest, borrowing, lending, buying insurance, trading derivatives, trading assets, and more. It doesn’t require paperwork or a third party on the blockchain. Moreover, DeFi is global, peer-to-peer, pseudonymous, and open to anyone. Why are people using DeFi?  DeFi and decentralized exchanges (DEXs) around the world allow anyone easier access to credit, lending, and borrowing activities. This technology changes the landscape of the conventional financial systems. Users make trades and move their assets wherever they want without waiting for bank transfers or paying standard bank fees. Although other crypto-specific fees, such as gas fees, may apply. The major benefit of a DEX is that these exchanges don’t require users to deposit their money onto the exchange. Instead, users connect their blockchain wallets and trade directly from there. In addition, price manipulation and false trading volume aren’t possible, as the money comes from users themselves. Hence, DeFi's core premise is that there is no centralized authority to dictate or control operations. However, it’s an illusion that all activity on the blockchain is anonymous, for example, some decentralized exchanges block users based on IP address. Some of these DEXs also have know-your-customer (KYC) requirements in place. #FutureofDeFi

Before starting, it should be noted that everything shared in the following article is solely and exclusively based on my perspective and experience. It is no secret to anyone that#Binancehas been and is for many the platform with which we have taken our first steps within the world of the#cryptoecosystem or also known as the#web3ecosystem, terminology used to express the new evolution of the internet and finance that is characterized by the decentralization of data and information provided by Blockchain technology. But why is this ? Simple...The team behind the construction and management of this crypto asset exchange and marketing platform from the beginning has been on the side of merchants and those who are still unaware of how cryptocurrencies work, as well as also of all the technology behind them that allow their operation, thus allowing the creation of a platform that is easy and attractive to use that not only implements a section for#Tradingbut also a variety of sections to generate passive income and encourage use, adoption of cryptocurrencies worldwide.