News · Cointelegraph

Binance hack could accelerate shift to DEXs: Standard Chartered

Geoffrey Kendrick of Standard Chartered says the Binance hack could accelerate a shift toward decentralized exchanges, benefiting Uniswap over the longer term. He expects the DEX share of trading relative to centralized platforms to keep rising, though investors should wait until the impact of the attack plays out in the markets. CoinGecko data show the top 10 spot DEX-to-CEX ratio reached 23.5% in the second quarter of 2026, up 2.1 percentage points from the first quarter. Kendrick keeps his $100 price target for Uniswap's UNI token for 2030 and says the hack is another reason that forecast may be too low, while also expecting further negative price action in the near term. Meanwhile, AAVE fell 11.3% to $118.54 and UNI dropped 10.4% to $6.48.

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cryptoBinanceStandard Chartered

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Related tickers and likely impact

BNB/USDT

▼ Likely negative

BNB

Relevance: medium

MarketCrypto
ExchangeBinance
SectorExchange tokens
Market cap$97.5B
Close on 10/29/2026698.46
Change that session-8.08%
BNB/USDT price, forecasts and signals →

UNI/USDT

▲ Likely positive

Uniswap

Relevance: medium

MarketCrypto
ExchangeBinance
SectorDeFi
Market cap$4.2B
Close on 10/29/20266.4710
Change that session-10.76%
UNI/USDT price, forecasts and signals →

HYPE/USDT

▲ Likely positive

Hyperliquid

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$16.9B
Close on 10/29/202689.06
Change that session+10.37%
HYPE/USDT price, forecasts and signals →

CAKE/USDT

▲ Likely positive

PancakeSwap

Relevance: low

MarketCrypto
ExchangeBinance
SectorDeFi
Market cap$657.7M
Close on 10/29/20261.90700
Change that session-9.92%
CAKE/USDT price, forecasts and signals →

CRV/USDT

▲ Likely positive

Curve DAO

Relevance: low

MarketCrypto
ExchangeBinance
SectorDeFi
Market cap$548.0M
Close on 10/29/20260.30620
Change that session-9.27%
CRV/USDT price, forecasts and signals →

JUP/USDT

▲ Likely positive

Jupiter

Relevance: low

MarketCrypto
ExchangeBinance
SectorDeFi
Market cap$938.8M
Close on 10/29/20260.25000
Change that session-11.41%
JUP/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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