2026-01-21 04:51:50

The competition among crypto exchanges over the past ten years has mainly revolved around trading volume and listing speed, focusing on traffic. But by 2026, the situation is different.

As the market gradually matures and users become more rational, relying solely on traffic dividends can no longer sustain growth. The competitive logic among major leading exchanges is shifting—from burning money to attract users to focusing on improving services, enhancing ecosystems, and strengthening security systems to build real competitive advantages.

By observing the strategies of the three major platforms, we can feel this change. The competition is now about repositioning; those who can differentiate themselves in product experience, risk management, and innovative features will have an advantage in the new round of reshuffling. After traffic peaks, the competition among CEXs is no longer about scale but about depth.

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ZKSherlock

· 2h ago

actually... the whole "flow-based competition → depth-based competition" narrative is kinda misleading, ngl. what they're really describing is just maturation filtering out the grifters, but the trust assumptions underlying these platforms haven't fundamentally changed. like, you're still trusting custodians with your keys lmao

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TokenRationEater

· 3h ago

Well said, finally someone has explained this thoroughly. The era of burning money and land grabbing has indeed passed. Exchanges that are still simply stacking trading pairs should really reflect on themselves.

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GasOptimizer

· 3h ago

Haha, finally it's not the era of reckless spending anymore. That's more scientific.

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OldLeekConfession