Centralized Exchanges Embrace DeFi: Bybit, Coinbase, and Binance Double Down on “CEX-on-Chain” Revolution

Description

A major shift that could reshape the landscape of crypto trading is taking place. Large centralized exchanges— CEXes —that inhabit the crypto bro universe are lurching toward something resembling responsible behavior. They’re looking to on-chain ecosystems for clues about how to build a trading environment that resembles their current user experience but without the unfathomable risk to users that accompanies their current business model. Bybit is leading this charge; the company is launching an...