2026-01-21 04:53:30

Looking back at the past decade of competition among crypto exchanges, almost no one would deny: trading volume and listing speed are the core weapons in the players' arsenal. But by 2026, the story begins to change.

As the market becomes increasingly mature, the annual reports of leading exchanges, platforms, and top players reveal a signal—the era of relying solely on traffic dividends to build advantages is coming to an end. The competitive logic of CEXs is quietly shifting, gradually evolving from the previous wild growth and land grab approach to what?

This is not just a change in numbers, but a shift in the entire industry's mindset. Want to discuss the new ideas of major platforms?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

4 Likes

Reward
4
2
Repost
Share

Comment

0/400

GetRichLeek

· 10h ago

Sounds nice, but isn't it just the leading exchanges starting to cut off retail investors? They need to come up with some new tricks. I think it's just them trying to boost their own sense of existence.

View OriginalReply0

MercilessHalal

· 10h ago

The traffic dividend has come to an end, but what is the real killer move? It depends on who can survive. --- It's another "maturity stage," hearing it so often that my ears are calloused, and it's still about improving user experience and security. --- In simple terms, the wild phase is over; now it's about details and trust. --- The annual reports of leading exchanges look impressive, but do we really know how they are competing behind the scenes? --- 26 years and still changing strategies; honestly, it would be better to lower transaction fees earlier. --- This is the Matthew Effect: the strong get stronger, and small platforms find it even harder. --- From land grab to what? It ends here. Come on, say something. --- It just feels like hype; in the end, it's still about who raises more funds and who spends money more aggressively. --- Compliance, security, liquidity—probably these three are the main focus, nothing else. --- No matter how much they turn around, retail investors are still going to lose; that hasn't changed.

View OriginalReply0