Centralized cryptocurrency exchanges (CEX) are still crucial in the crypto ecosystem due to their ease of use, liquidity, and established infrastructure, despite the growth of decentralized finance (DeFi). However, with increasing regulation, the future of CEX is evolving. CEX like Binance, Coinbase, and Kraken have been the heart of the cryptocurrency market, providing easy access to retail and institutional investors. They simplify complex operations and offer security and liquidity. However, their centralized nature raises concerns about trust and security. Regulation is becoming essential to define the future of CEX. In 2024, CEX will face increasing pressure to comply with stricter regulations, and the balance between innovation and investor protection will be crucial for their success.



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