Standard Chartered Reiterates $100 UNI Target After Binance Hack

Standard Chartered reiterated its long-term $100 target for Uniswap's UNI token by 2030, while the bank's global head of digital assets research said Binance's security breach could accelerate the shift from centralized crypto exchanges to decentralized platforms. Geoffrey Kendrick said the breach may prompt investors to reassess the risks of holding assets on centralized exchanges. He described the incident as another potential driver of decentralized exchanges' share of trading and said it could support Uniswap's longer-term outlook.

Also reported by CoinTurk News.

Source: TokenPost