# Standard Chartered Says Binance Security Reports Could Bolster Uniswap Case By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/44225 Published: 2026-10-30T04:03:07.000Z Updated: 2026-10-30T04:03:07.000Z Section: Investing > Geoffrey Kendrick maintained his $100 target for UNI in 2030 and said the reports may shift more trading toward decentralized exchanges. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, said reports of a potential security issue at Binance could push more crypto trading toward decentralized exchanges, strengthening his long-term case for Uniswap. Kendrick maintained his $100 target for Uniswap (UNI) in 2030. He said the reports could increase decentralized exchanges’ share of trading relative to centralized exchanges. Binance had not confirmed a breach or any impact to user funds. The exchange said it was reviewing information about reports of a potential security issue. [Binance’s earlier response to the reports]() said it would provide updates through official channels once details were verified. The $2.7 trillion projection comes from Standard Chartered’s earlier thesis that assets locked in decentralized finance could reach that level by 2030, with Uniswap serving as a venue for trading tokenized assets. Kendrick also expects further market weakness in the near term. He said markets may not establish a new base until frozen assets are released and more details about the reports emerge. ## Links in this article - [Binance’s earlier response to the reports](https://www.tokenpost.com/news/technology/44136)