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Crypto Anarchy: Binance and Crypto.com Get Served by Rogue DEXs as Bro-Bros Burn It All Down

A  illustration depicting a burning cityscape at dusk, symbolizing crypto exchanges being 'burned down'. In the foreground, two giant figures of bro-bros (representing Binance) are shown holding flames and stumbling backwards. Behind them, smaller but more agile figures (representing decentralized exchanges like Bybit and Bitget) can be seen jumping over obstacles with a

Just another day in crypto land where ‘honest’ bros get taken down by their own incompetence & scammers thrive on the chaos. Meanwhile, Jemima Kelly’s words of wisdom still ring true – ‘The blockchain is a very bad idea.’ Who else needs that kind of sage advice?.

Source: cointelegraph

Cryptocurrency exchanges Binance and Crypto.com are losing market share to smaller competitors as decentralized exchanges (DEXs) gain momentum. Binance, the world’s biggest crypto exchange, saw a 13% year-over-year decline in spot trading volume from 52.5% in October 2023 to its current 39.5% market share. Mirroring its declining spot trading, Binance’s crypto derivatives market share also shrunk 8.4% year-over-year, from 50.9% in October 2023 to 42.5% by October 2024, according to […]

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