# Сопутствующие статьи по теме CEX

Новостной центр HTX предлагает последние статьи и углубленный анализ по "CEX", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

KalqiX Just Made Self-Custody a Mass Market Feature for Mainstream & Traditional Traders

For years, self-custody in Web3 has been hampered by trade-offs, forcing users to choose between security/convenience and performance. KalqiX aims to change this with its new Central Limit Orderbook (CLOB) DEX. It combines CEX-level speed and execution quality with true self-custody. The key innovation is processing and matching orders off-chain for performance, while using on-chain zero-knowledge proofs for secure, trustless settlement. This eliminates the need for users to surrender asset control, protecting them from custodial risks like those seen in the FTX collapse. KalqiX's launch represents a potential breakthrough, offering a long-missing solution that could make self-custody a viable, mainstream standard for all traders.

TheNewsCryptoВчера 18:21

KalqiX Just Made Self-Custody a Mass Market Feature for Mainstream & Traditional Traders

TheNewsCryptoВчера 18:21

South Korea's Crypto Tax Countdown Begins: Escalating Three-Way Game Between CEXs, Retail Investors, and Regulators

South Korea's National Tax Service has initiated final preparations to implement a virtual asset tax starting January 2027, with reporting for comprehensive income tax due by May 2028. The tax applies a 22% rate on annual profits exceeding 2.5 million KRW from transfers and leasing, affecting an estimated 13.26 million people. To enforce this, authorities plan to collect data from major domestic exchanges like Upbit and Bithumb and launch a comprehensive virtual asset analysis system. This move follows two previous postponements and signifies a shift towards institutionalized management. The plan also involves international data sharing under the OECD's CARF framework from next year to curb capital flight. However, tensions exist between regulators and exchanges over data sharing and new anti-money laundering rules. The industry, represented by DAXA, opposes proposed regulations requiring the reporting of all cross-border transfers over $6,800 as suspicious, arguing it renders AI risk systems useless and creates an impractical administrative burden. Given Korea's market—comprising 30% of global volume with 85% in altcoins and dominated by retail speculation—the tax could reduce short-term speculative trading and stabilize the domestic market by limiting capital outflows. Its implementation may also influence global crypto regulatory and taxation models, serving as a significant case study for other jurisdictions.

marsbit05/08 14:32

South Korea's Crypto Tax Countdown Begins: Escalating Three-Way Game Between CEXs, Retail Investors, and Regulators

marsbit05/08 14:32

a16z Partner: Perpetual Contracts Are Rewriting Global Trading Rules

Perpetual contracts ("perps"), a crypto-native innovation, are transforming global trading behavior and market structure. These non-expiring futures contracts have seen explosive on-chain growth in 2025, with decentralized exchange (DEX) volume surging 346% year-over-year to $6.7 trillion. Perps now extend beyond crypto to traditional assets like stocks, commodities, and even private company valuations. Key drivers include structural advantages over options for directional leverage: 24/7 trading, no expirations or rollovers, simpler risk exposure, and capital efficiency. Real-World Asset (RWA) perps have gained significant traction, at times comprising 44% of volume on leading DEXs like Hyperliquid. The ecosystem is expanding rapidly with new exchanges, front-ends, market creators, and liquidity providers. While challenges remain around liquidity, oracle reliability, and regulation, perps are evolving from a niche crypto instrument into a dominant global trading primitive. The open question is whether value will accumulate at the exchange layer or within applications built atop perpetual trading infrastructure.

marsbit04/10 08:15

a16z Partner: Perpetual Contracts Are Rewriting Global Trading Rules

marsbit04/10 08:15

Gate Institutional Weekly Report: BTC Funding Rate Turns Positive, CEX TradFi Trading Volume Soars (March 23–29, 2026)

Last week, the market was primarily driven by a sharp escalation in the U.S.-Iran conflict, which pushed WTI crude oil prices above $100 amid threats to the Strait of Hormuz. This triggered inflation concerns, rising U.S. bond yields, and a sell-off in tech stocks and crypto assets, with major cryptocurrencies falling over 6%. Market sentiment indicators like the VIX and Fear & Greed Index reflected high uncertainty and fear. In crypto ETFs, outflows dominated mid-week with $500M net withdrawn from BTC and ETH products, though slight inflows returned by the weekend. TradFi trading volume on CEXs surged, especially in commodities and metals, while PAXG liquidity recover after initial sell pressure. On-chain, DEX trading cooled, with Meteora on Solana maintaining high volume while others declined. Stablecoin supply remained stable, with DAI showing resilience. LST protocols like Lido and Jito saw reduced activity due to lower ETH and SOL performance. Aave’s lending decreased overall, though Mantle saw growth. Derivatives data showed BTC funding rates briefly turned positive, indicating tentative long interest, though open interest declined and skew remained negative, reflecting defensive sentiment. Implied volatility held steady, suggesting limited expectations for near-term price swings. Gate highlighted progress in data-driven operations, growth in lending, AI integration, and upcoming events including the Hong Kong Web3 Festival.

marsbit04/03 12:34

Gate Institutional Weekly Report: BTC Funding Rate Turns Positive, CEX TradFi Trading Volume Soars (March 23–29, 2026)

marsbit04/03 12:34

Lorenzo Founder: Is the Crypto-Native Economy Dead? The Triple Dilemma of Crypto Civilization

Lorenzo founder Matt Ye argues that the crypto industry's core issues—such as declining asset quality, innovation stagnation, rampant scams, and institutional hesitation—are not cyclical but stem from a deeper civilizational crisis. He identifies three evolutionary stages of crypto’s "civilization": 1. **DeFi’s Anarchic Black Market**: A lawless environment where rug pulls and exit scams are rational, optimal strategies due to the absence of rules and accountability. 2. **CEX Feudalism**: Centralized exchanges impose order and reduce trust costs but create a “planned economy” that stifles innovation and prioritizes narratives aligned with exchange interests. 3. **Wall Street Colonization**: Traditional finance enters not to build but to exploit—imposing its own rules, extracting value, and offering no genuine support for crypto-native innovation. Ye concludes that the industry’s failures—poor native assets, lack of breakthrough innovation, distrust from serious institutions, and high骗子 density—are symptoms of a missing institutional foundation. Without accountable systems, either predation or idealism fills the void. The critical question remains: what is the next civilizational form for crypto?

marsbit03/31 04:22

Lorenzo Founder: Is the Crypto-Native Economy Dead? The Triple Dilemma of Crypto Civilization

marsbit03/31 04:22

Amid the OpenClaw Craze, CEXs Vie for AI Agent Trading Entry Points

Under the "OpenClaw Craze," major cryptocurrency exchanges like OKX, Binance, Gate, and Bitget are aggressively competing to become the primary transaction entry point for AI Agents. They are no longer just chasing trends but are transforming their core capabilities—trading, market data, wallets, and payments—into modular interfaces that Agents can understand and execute. OKX is focusing on execution, integrating spot, perpetual, and options trading with local signing and simulation modes. Binance is strengthening its information layer and skill distribution, expanding from market data into derivatives and asset management. Bitget is pushing for greater depth, incorporating copy trading, wealth management, and payment services. Gate is building a foundational platform with DEX/CEX MCP, CLI, and Skills Hub. The shift is significant: exchanges are moving beyond AI-assisted analysis to enabling actual system calls and execution. While pre-trade actions like research and screening are becoming smoother, challenges around permissions, security, and risk management in fully automated trading remain. The core competition is about which platform can best modularize its services, ensure security, and become the default financial infrastructure called by Agents in interfaces like Claude and ChatGPT.

Odaily星球日报03/16 06:03

Amid the OpenClaw Craze, CEXs Vie for AI Agent Trading Entry Points

Odaily星球日报03/16 06:03

Multicoin Co-founder: PropAMM is Changing the Perception That 'Decentralization is Slower'

Multicoin Capital co-founder Kyle Samani argues that PropAMM (Proactive Automated Market Maker) is one of the most significant innovations in market microstructure in decades, challenging the long-held belief that decentralized systems are inherently slower than centralized ones. In traditional centralized exchanges (CEXs), market makers co-locate servers and engage in constant bidirectional communication with the exchange, leading to latency due to data transmission delays. In contrast, PropAMM on Solana runs market-making algorithms directly on the blockchain, eliminating the need for inter-server communication. Price updates occur within the same physical silicon, drastically reducing latency. PropAMM already offers narrower spreads for SOL-USDC spot trading on Solana than major CEXs. Samani predicts it will dominate on-chain trading for spots, perpetuals, and prediction markets this year. Current challenges include ensuring best execution for takers due to private algorithms and non-deterministic routing across multiple PropAMMs, but solutions from aggregators like Jupiter, dFlow, and Phoenix are expected. Upcoming Solana upgrades—such as higher compute limits, reduced slot times, and improved network latency—will further enhance PropAMM performance, solidifying its advantage over traditional systems.

比推03/13 07:27

Multicoin Co-founder: PropAMM is Changing the Perception That 'Decentralization is Slower'

比推03/13 07:27

Multicoin Co-founder: Is Decentralization Always Slower Than Centralization? PropAMM Is Breaking This Bias

In a recent article, Multicoin Capital co-founder Kyle Samani argues that PropAMM (Proactive Automated Market Maker) on Solana represents one of the most significant innovations in market microstructure in decades. It challenges the long-held belief that decentralized systems are inherently slower than centralized ones due to global node communication. In traditional centralized exchanges (CEXs), market makers co-locate servers and engage in constant bidirectional communication with the exchange to update orders, resulting in latency. In contrast, PropAMM runs market-making algorithms directly on the Solana blockchain, eliminating the need for inter-server messaging. Price updates occur within the same physical silicon, drastically reducing latency. PropAMM already offers narrower spreads for SOL-USDC spot trading than major CEXs. Samani predicts it will dominate on-chain trading across spots, perpetuals, and prediction markets in 2024. Current challenges include non-deterministic routing and lack of guaranteed best execution for takers, but solutions from aggregators like Jupiter and dFlow are expected. Upcoming Solana upgrades—such as higher compute limits, reduced slot times, and lower network latency—will further enhance PropAMM performance, solidifying its advantage over traditional systems.

marsbit03/13 06:22

Multicoin Co-founder: Is Decentralization Always Slower Than Centralization? PropAMM Is Breaking This Bias

marsbit03/13 06:22

2025 Korean CEX Listing Review: Investing in New Tokens = 70% Loss?

The analysis examines the performance of new tokens listed on major Korean cryptocurrency exchanges (Upbit and Bithumb) in 2025, comparing them with Binance. The study finds that investing $100 in each new KRW trading pair on Upbit (59 tokens) and Bithumb (144 tokens) would have resulted in a portfolio value of only 31% of the original investment by March 11, 2026, equivalent to a 70% loss. Binance (92 tokens) performed similarly with a 29% return. Only two tokens on Upbit (KITE +232.8%, BARD +9.3%) and eight on Bithumb ended in profit. Median returns were -80.9% for Upbit and -82.1% for Bithumb, indicating worse typical performance than the average suggests. Tokens listed in the second half of the year performed better, likely due to shorter exposure to the bear market. Notably, tokens listed on both exchanges (50 tokens) showed nearly identical losses (-69.4%) to those listed only on Bithumb (-68.9%), indicating that multiple listings do not guarantee better performance. The study concludes that the loss is structural: initial buying pressure inflates prices on listing day, followed by a predictable decline. This pattern is global, not specific to Korea or any exchange.

marsbit03/12 11:07

2025 Korean CEX Listing Review: Investing in New Tokens = 70% Loss?

marsbit03/12 11:07

Kyle Samani Is Back: This Time, We're Outperforming CEX in Efficiency!

Kyle Samani, former co-founder of Multicoin Capital, has returned to advocate for PropAMM, a breakthrough in market microstructure innovation on Solana. He argues that PropAMM could surpass traditional centralized exchanges (CEXs) in efficiency by hosting market maker algorithms directly on the blockchain, eliminating latency from bidirectional communication between exchanges and market makers. In CEXs, market makers co-locate servers and constantly exchange data with the exchange, leading to delays. In contrast, PropAMM runs algorithms on the same physical hardware as the Solana blockchain, allowing price updates to occur almost instantaneously within the same silicon chip. This reduces latency significantly compared to traditional systems. Currently, PropAMM already offers narrower spreads for SOL-USDC spot trading than major CEXs. Samani expects it to dominate on-chain trading this year, including spots, perpetuals, and prediction markets. Challenges remain in ensuring best execution for takers due to private algorithms and non-deterministic routing, but solutions from aggregators like Jupiter and dFlow are anticipated. Upcoming Solana upgrades—such as higher compute limits, reduced slot times, and lower network latency—will further enhance PropAMM performance, solidifying its advantage over CEXs.

marsbit03/12 03:51

Kyle Samani Is Back: This Time, We're Outperforming CEX in Efficiency!