Challenges of centralized exchanges
Centralized exchanges are under pressure to adapt to the increased demand for DEXs. CEXs like Binance and OKX are having to reposition themselves after traders took risks from tokens on DEXs. While these exchanges have attempted to list SPECULATIVE tokens suddenly, they may fall behind in the long term as DeFi serves as a convenient and accessible platform for a large portion of users. This situation is further complicated by regulatory hurdles in many countries where centralized exchanges operate.
Bobby Ong points out that the regulatory landscape for crypto is constantly changing. In countries like Malaysia, Philippines and Vietnam, where there are clear licensing oman phone number list requirements, CEXs face massive restrictions. Unlike DEXs, which usually operate without a central authority, CEXs face challenges that could threaten their existence. The dilemma for these platforms lies in the lack of ability to keep up with the pace and flexibility of DEXs, which questions their relevance in a rapidly evolving industry.
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Conclusion: Seize opportunities
The cryptocurrency market clearly shows that DEXs are gaining traction. These platforms provide free access to financial opportunities that, for many people, are limited by the current economic system. At a time when financial markets are becoming globally integrated, traditional hurdles are disappearing, while DeFi offers a new perspective to disillusioned investors. For many users in Asia, access to DEXs is not only an opportunity, but also a necessity to achieve economic goals and actively participate in the crypto market.