TechFlow News, February 10: OKX CEO Star posted on social media stating that decentralized exchanges (DEXs) and centralized exchanges (CEXs) serve fundamentally different roles. Open, permissionless access belongs to DEXs; responsibility, standards, and accountability belong to CEXs. DEXs are purely self-custodial tools—service providers act neither as intermediaries nor as controllers of users’ funds. In contrast, CEXs hold users’ funds and function more like banks, thus bearing explicit obligations in anti-money laundering (AML), sanctions compliance, fraud prevention, and consumer protection. As operators, CEXs bear operational responsibilities and therefore have a duty to protect users—not merely to list every token that exists. He added, “Conflating DEXs and CEXs is not openness. It is an attempt to evade responsibility—and reflects the long-standing values difference between OKX and Binance.”
Earlier news: CZ responded to the view that “exchanges should stop listing low-quality meme coins” by stating that exchanges should provide access to all tokens.
