Today, we compare the performance of CEX tokens with DEX tokens, and our Research team shares some insights...These revelations prompted growing concerns about the solvency of other centralized exchanges (CEX),...The chart above shows the price performance of a basket of CEX tokens vs.

BNB Leading CEX Tokens, HT Suffers BNB has performed well in the last 3 days following Binance’s $1b...

But what if CEX support and interop are bigger success factors than we think?...CEX Support – Receiving and withdrawing stablecoins is very convenient....Outside the EVM, CEX support appears to be very important..../VM has CEX support....Still, they have no CEX support—not even for their native asset.

The role of CEXs in a token’s lifecycle simple....CEXs have a strong user base of people interested in trading and holding tokens....Teams often see the role of a CEX as being most important in the early stages....There are two main paths to getting your token on a CEX....the work to build something compelling and force CEXs to list it down the line.

Chart of The Day: CEXs’ Liquidity Drying up The bid/offer spread is the difference between an asset...Chart of The Day: CEXs’ Liquidity Drying up The bid/offer spread is the difference between an asset’s...

Introduction The issues that plagued centralized exchanges (CEXs) in their infancy have still not been...In the grand scheme of things, we’ve made some vast improvements to CEX performance....Migration From CEXs to DEXs Given the erosion of trust and loss of user funds on CEXs, we assume that...

Centralized cryptocurrency exchange (“CEX”) tokens have seen a stellar run up year to date, with BNB...For the majority of retail users, CEXs are the gatekeeper to the proverbial crypto rabbit hole, providing...In this report, we will be studying the utility of exchange tokens across a number of centralized (CEX...

Spot volumes across CEXes and DEXes, ETH's funding rate is still wayward, and the PancakeBunny Finance...

Both DEX & CEX tokens have been among the top performing sectors in crypto in 2021; year-to-date,...the combined market cap of CEX & DEX tokens appreciated 10.5x, significantly outperforming the overall...In the below chart, we compare the valuations of prominent CEXs and DEXs to their real trading volumes...

It’s absolutely true that custody risks apply to CEXs and not DeFi....size of the collapse, we find it important to ask why, despite all their inherent custodial risks, CEXs...As this chain will be onboarded by CEXs, it’s likely to be the central point for these assets to issue...

Uniswap has a cumulative total of ~$1T volume, often competing with CEXs like Coinbase for volume on...Uniswap views CEXs as its primary competitor rather than other DEXs....fee-tier pools, improving the experience for traders and allowing Uniswap to become more competitive with CEXs...

This forfeits the composability that makes options such a powerful tool. dYdX creates a CEX-like experience...Infinity Pools will likely have slightly higher fees than major competitors like Synthetix, dYdX, and CEXs...DEXs can’t hope to overtake CEXs while they rely on them for such a significant portion of the product...

Macro Overview At time of writing, the ratio of perps and spot DEX to CEX volume grew to 7.9% and 19.2%...First-mover advantage on token launches: While CEXs have lengthy approval processes, DEXs are able to...Therefore, when forecasting the growth of the DEX to CEX ratio, in my view, the principal variable you...

But as the market took off in late 2020, the ratio DEX to CEX volume fell despite an exponential increase...in DEX volume (because CEXes were doing much more volume too)....The below graphic isn’t a representation of total DEX volume (or CEX volume) as it only measures Ethereum...

Second, solo stakers make up ~1/4 of the total, with CEXs, liquid staking and staking pools ~3/4....amount of “real” withdrawals here, as any withdrawals from staking pools, liquid staking tokens, or CEXs...It’s important to remember that there are 4 main categories of staking: liquid staking (32%), CEXs (28%...

Any DEX advancements on CEX territory would result in significant increases in volume....This scenario holds the total futures volume (CEX+DEX) constant, meaning DEX volume is a result of CEX...If the trader has adequate size or the asset is illiquid on the CEX, they can move the price on the CEX...

...you have a variety of avenues to explore, including liquid staking protocols, centralized exchanges (CEXs...CEXs: (Target Segment: CEX Users That Are Unfamiliar With DeFi) Leveraging their existing user bases,...CEXs offer convenient ETH staking services directly on their platforms.

Coinbase, Crypto.com, Revolut, Nexo, Wirex, other CEX cards Gen 2: Non-custodial, spend crypto prepaid...Custodial CEX cards are wallet-linked and convenient, but come with shady history and account closure...Other CEXs Dabbling in Banking: Crypto.com, Bybit, Nexo There are a variety of other CEXs with popular...

In the pursuit of “decentralization”, these projects seemed to have missed the bigger picture that CEX...CEXs ultimately handle the trading of Ethena’s perps positions while OES providers handle the custody...Frequent PnL settlement – To further mitigate CEX counterparty risk, Ethena has the ability to settle...

...industry should go” and whom the burden should be placed on (with some referencing that this was a CEX...For centralized actors, there was a lot of conversation about whether CEXs should do more to protect...In doing “more,” we would caution CEXs to take tech-based approaches versus social layer approaches —...