DEX-CEX Trade Volume Ratio Hits All-Time High: Future is Decentralized


  • The decentralized exchange (DEX) to centralized exchange (CEX) trading volume ratio has hit a new all-time high of 22%.
  • This is attributed to more regulation, which has led to DEXs gaining market share.
  • JP Morgan is seeking blockchain technology to improve interbank dollar settlement in India.

SEC Lawsuit against Binance and CZ

Binance and its CEO Changpeng Zhao have been sued by the SEC for breaching securities law. This news has further increased speculation that a Central Asian country may announce it is holding Bitcoin in its treasury.

DeFi Summer Causes Increase in DEX-CEX Ratio

Analysis of the DEX-CEX trade volume ratio suggests DEX users are continuing to hold steady as CEX users dwindle. This increase began around May 2020 during “DeFi summer”, when DeFi applications supporting yield farming, lending, and borrowing first took off – peaking at 16% by September 2020. The ratio reached a new top by January 2022 of approximately 17%, before falling and bottoming at 8% by September 2022.

Multichain’s MULTI Soars 30%

Multichain’s MULTI token soared 30% after cross-chain bridge services resumed. The project allows users to move assets between different blockchains without relying on centralized intermediaries.

JP Morgan Eyes Blockchain Tech for Interbank Dollar Settlement in India

JP Morgan seeks blockchain technology to improve interbank dollar settlement in India. The bank believes that this technology could reduce costs and enable faster payments within the nation’s banking system while providing added security for transactions due to its secure infrastructure.