traditional CEXs: - getting squeezed by TradFi exchanges for majors - getting squeezed by perp DEXs for new assets they need to pivot into full stack shadow banking institutions asap (which they already are tbf)
HUGE NEWS: The SEC and CFTC are set to allow spot crypto trading on U.S.-registered exchanges. That means giants like the NYSE, Nasdaq, and CME could soon be offering spot markets for $BTC, $ETH, and beyond. Looks like Uncle Sam just turned into Uncle Crypto.
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