"Who is incentivised to keep crypto users on their platform? Exchanges. Why? Because they monetise that traffic through: Advertising Trading fees Bribery for listing fees"

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Binance founder CZ warns acquiring small crypto exchanges poses hidden security risks after BitMEX and BitMart shut down.

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New report by DefiLlama Research: "From Exchange to Infrastructure: How CEXs Are Reshaping Global Market Access" Ten years ago, centralized crypto exchanges were niche infrastructure for a niche asset class. Today, they process trillions of dollars in monthly volume, hold hundreds of billions in user assets, and have become the venues where the price of the world's most-traded digital assets is formed. A new map of global trading is being drawn, and centralized exchanges are leading it.

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