Buterin: Binance DEX Should Be Criticized for Centralization, Not ETH

Binance's decentralized exchange is a better target for criticism over being centralized than Ethereum, Vitalik Buterin believes.

In a recent Twitter discussion, Ethereum co-founder Buterin triggered a wave of argument over decentralization in the crypto industry, particularly Binance DEX as well as Ethereum itself.

The fact that Buterin implied that Magical Crypto Friends criticized Ethereum for being centralized and enabling initial coin offerings "Couldn't be further from the truth," Seiche noted.

Binance DEX claims to be a DEX, but it's "Hardly decentralized".

After Seiche mentioned Binance in the thread, Buterin turned the spotlight to Binance DEX, a decentralized exchange whose testnet was launched by Binance in February 2019.

Brought up by Seiche as a comparison to projects in crypto that are not truly decentralized, Binance DEX has been characterized as not really decentralized in crypto community before.

"The Binance 'DEX' is as much a DEX as JPM coin is a cryptocurrency."

Buterin is known for his positive stance on decentralization as well as intolerance for centralized cryptocurrency exchanges.

Back in 2018, Buterin argued that everyone should be developing "Better" decentralized platforms, while centralized crypto exchanges are poised to "Burn in hell."

Following Buterin's message, CZ replied to Buterin on Twitter, noting that there is no absolute decentralization, and projects with core teams still have centralization.