Richard Teng: “Binance Is Building the Bridge Between CeFi and DeFi With Web3 Wallet Integration”

CEO highlights Alpha platform and wallet innovation as key pillars in blending centralized and decentralized financeIn the CEO Connect: May Edition, Binance CEO Richard Teng outlined the exchange’s evolving strategy to seamlessly integrate Web3 wallets into the broader Binance ecosystem—blending the best of centralized (CeFi) and decentralized finance (DeFi).“We recognize DeFi is growing rapidly, and it’s not mutually exclusive with CeFi. Our goal is to build an effective bridge between the two,” Teng said.Binance Alpha: The Gateway to DeFi and Early AccessTeng emphasized that Binance Alpha, which offers users early access to high-potential token launches through Token Generation Events (TGEs), is a major step in connecting users to emerging decentralized projects—all while maintaining Binance’s hallmark security and trust.“Alpha is our way of giving users much earlier access to promising Web3 projects,” he explained.Alpha acts as an on-ramp to the DeFi world, allowing users to engage with decentralized opportunities without leaving the Binance environment.Web3 Wallet Integration: Powering the Next Phase of User ControlBinance is also working on enhancing its Web3 wallet offerings, aiming to provide users with secure self-custody options while keeping the user experience intuitive and accessible.