CEX-odus: Decentralized Exchanges Going Mainstream Following FTX’s Epic Implosionby@jackharrisonblog
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CEX-odus: Decentralized Exchanges Going Mainstream Following FTX’s Epic Implosion

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Some protocols offering fully decentralized options have reported a near 75% increase in users following the FTX collapse. DeFi protocols and decentralized exchanges (DEXs) have seen a stunning uptick in users. FTX was able to mitigate business losses by secretly using customer-deposited crypto assets to cover its ever-expanding hole. While investors believed their assets were safe, they were in reality slowly evaporating behind closed doors. DeX-centric platforms cannot operate in this way as they are run by auditable smart contracts rather than individuals susceptible to greed.

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