The idea is strong, but until decentralized exchanges become more user-friendly, centralized exchanges will still be popular. With decentralized finance (DeFi) gaining steam, exchanges like Binance find ways to co-exist with innovations like DeFi. Binance Co-Founder and CEO Changpeng Zhao (CZ) said DeFi is an innovative space and investing decentralized exchanges will not be a challenge for regular exchanges. Finance Management is a very basic thing to mankind. From, kids saving coins in their piggy banks to the complicated auditing system in the large organizations, everything is finance handling. Defi is ultimately designed to be the alternative for traditional financial systems we are used to be. ` The phrases we often hear when it comes to defi are Financial libration, Decentralization, Defi tokens, Defi Protocols, etc, Actually, defi is the blanket term to represent any kind of financial activities on the smart contract.