TechFlow News, on December 21, at the Emergence conference hosted by The Block, Bitget CEO Gracy Chen stated that CEXs and DEXs serve different customer segments. CEXs offer better liquidity and customer service experience, while DEXs are more suitable for DeFi-savvy users seeking tokens not listed on CEX platforms. Chen also revealed that Bitget is considering entering the U.S. market through a joint venture.
Deribit CEO Luuk Strijers expressed skepticism about the sustainability of many platforms, believing that under regulatory pressure, numerous platforms will exit the market due to high operating costs or regulatory shutdowns. He predicted that only a few platforms will survive as the industry matures.
According to data from The Block Research, in November 2024, decentralized exchange (DEX) trading volume surpassed $300 billion, exceeding the previous all-time high of $260 billion set in May 2021. DEX share of total cryptocurrency trading volume has risen from 9.3% at the beginning of 2024 to 11%.
