Crypto Exchanges Are Becoming Banks — And It’s Happening Faster Than People Realize

The landscape of cryptocurrency exchanges is rapidly evolving, with these platforms increasingly adopting the functionalities and characteristics of traditional banks. This transition is occurring at a much quicker pace than many people are aware of, as these exchanges begin to offer services such as lending, savings accounts, and other financial products typically associated with banking institutions. As a result, individuals and businesses are starting to view crypto exchanges not just as trading platforms, but as integral players in the financial ecosystem, reflecting a significant shift in the way we think about banking and finance in the digital age. source: https://blocknews.com/crypto-exchanges-are-becoming-banks-and-its-happening-faster-than-people-realize/