Centralized exchanges’ Kodak moment — time to adopt a new model or stay behind

Centralized exchanges face a Kodak moment: Adapt to an open-access model or risk being left behind as decentralized exchanges gain traction.

Opinion by: Ido Ben Natan, co-founder and CEO of Blockaid

Centralized exchanges (CEXs) have controlled what people can trade for years. If a token wasn’t listed on major exchanges, it didn’t exist for most users. That system worked when crypto was small. But today? It’s completely broken.

The rise of Solana-based memecoins, the popularization of projects like Pump.fun and developments in AI-driven token creation are driving the creation of millions of new tokens each month. 

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