CEXs vs DEXs: Which Model Will Dominate the Next Crypto Cycle?

Centralized exchanges are shifting from trading venues to regulated finance platforms. IPO fundraising, app innovation, and stricter oversight reveal a structural change in how institutions and consumers access markets. At the same time, perpetual DEXs surged past $2. 6 trillion in trades in 2025, showing how decentralized rivals are gaining traction with custody-free leverage and speed source: https://beincrypto.com/cexs-evolve-into-finance-platforms/