CEXs | Crypto

Coinbase has introduced decentralized trading to nearly all its U.S. customers, broadening access to one of its most ambitious products yet. The company confirmed on Oct. 8 that its decentralized exchange (DEX) service is now live inside the main Coinbase app for users across the country, except those based in New York, where state regulations […] The post Coinbase brings DEX trading to US users as CEXs go DeFi appeared first on CryptoSlate.

MetaMask and Infinex have integrated Hyperliquid, the most liquid decentralized derivatives platform, to steal market share from CEXs in the rapidly growing perps market. Decentralized crypto trading platforms MetaMask and Infinex are now offering perpetual futures through integrations with Hyperliquid, competing with their centralized counterparts in the booming crypto perps market. MetaMask’s integration with Hyperliquid went live on Wednesday, allowing users to access Hyperliquid’s decentralized perpetual swaps exchange directly through MetaMask’s wallet. MetaMask stated that the “major milestone” brings it one step closer to becoming an all-in-one, self-custodial trading platform, as it seeks to capture market share from centralized exchanges that have dominated the crypto perpetuals market. Read more

Retail and quants are fueling DEXs like Hyperliquid, while CEXs hold institutional ground. Aster’s rise adds new pressure to the onchain race. Decentralized exchanges (DEXs) are rapidly gaining traction among retail traders and quants, while institutions continue to favor centralized platforms, according to Bitget Wallet’s chief marketing officer Jamie Elkaleh. Elkaleh told Cointelegraph that the strongest adoption of platforms like Hyperliquid is “coming from retail traders and semi-professional quants.” Retail users are drawn in by airdrop cultures and points systems, while quants favor “low fees, fast fills, and programmable strategies,” he said. However, institutional desks still rely on centralized exchanges (CEXs) due to their support for fiat rails, compliance services and prime brokerage offerings. Read more

BitMEX said the PUMP token defied the odds, with its funding rates trending positively despite a large initial float. Almost 60% of presale participants in Pump.fun’s initial coin offering (ICO) have already sold or transferred their tokens to centralized exchanges (CEXs) or other wallets, according to data shared by BitMEX.  Citing onchain data, the crypto exchange said that of the 10,145 ICO participants in the PUMP presale, 6,042 wallets (59.6%) had already sold or transferred their tokens to CEXs.  Meanwhile, 3,791 wallets (37.4%) continued to hold their tokens, while a small group of 312 wallets (3%) had increased their holdings a week after the token launch.  Read more