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RE: From decentralization to centralization: DeFi protocols are these inevitable?
Well, with the way things are going with regulatory framework now, I guess the only decentralized platform is your hot wallet. Already a new wave of DEX and CEX marriage has long creeped in with some centralized exchange having DEX-like features like token swap, lending and LP staking while still improving and evolving the centralized features for example Bitget recently integrated the DEX swap features which gives users the opportunity to have access to potential projects very early with some even being incubated at that stage.
Yeah seems we are gradually shifting from what we normally call decentralized finance now there is a hybrid exchange thats been introduced lately that combine both exchange in one platform sounds a bit ridiculous.
I think these kind of exchanges are trying to maximize opportunities for users by expanding the market scope and investing in their ecosystem which is a good thing, if you ask me. The only thing that remain to be seen is how centralized or how decentralized these platform can become
I agree, its all about maximizing opportunities in the marketplace finger crossed lets see how things unfold with bull market in anticipation.
This bull market might be one of the memorable one in the history of crypto especially when you factor in the recent developments in terms of ETF approval, crypto adoption across different sectors of global economy and the upcoming BTC halving. I believe exchanges that have invested in their ecosystem capacity like what bitget and some others have done with integration of non-custodial wallet and expansion of their market scope to accommodate DEX users could be key to surviving the competition that is inbound or what do you say?
Sure have been a quick turn up in terms of development, good user experience service provided by most centralized exchanges for users to connect their dex wallets with EFT approval and bitcoin halving it will be massive we sure expecting the best.
Yeah, exactly. Expectations are high and we sure moving to the brighter side of the market now. The task ahead is to keep informing the less-informed and the mis-informed so we can encourage adoption and more financial inclusion/liberality.
Thanks mate
Sure mate lets keep spreading the good information to the world to increase adoption.