CEX

CEXs are platforms managed by centralized organizations that facilitate the trading of cryptocurrencies, offering high liquidity and user-friendly fiat on-ramps. Leaders like Binance, OKX, and Coinbase serve as the primary gateways for institutional and retail entry. In 2026, the industry focus is on Proof of Reserves (PoR), enhanced regulatory compliance, and hybrid models that offer self-custody options. This tag provides updates on exchange security, listings, and global market trends.

4244 Articles

Created: 2026/02/02 18:52

Updated: 2026/02/02 18:52

L2's triumphant return? Arbitrum's three arrows of renaissance and the key to breaking the deadlock.

While Optimism was the first TGE L2, Arbitrum was the true pioneer of the L2 wave. Back in the first half of 2023, Korean whales were live-streaming contract trading on GMX, DeFi Degens were using GLP Lego-like Yield Farming, and grassroots communities were banding together to hype up ancient cat and dog meme coins. Arbitrum was one of the most eye-catching sectors in the spring of 2023. However, this flourishing ecosystem came to a somber end after the epic TGE and airdrop of Arbitrum's native token ARB. Looking back from November 2025, there are three main reasons for this situation: --The huge positive externalities generated by Arbitrum's epic airdrop were seized by competitors ZkSync, Starknet, and Linea; --At that time, the core business model of the King-level L2 was not natural and organic, nor was it benign and self-sustaining. Instead, it relied heavily on the false prosperity created by the industrialization of airdropped farmers. --The airdrops allocated too much to ecosystem developers, most of whom were well-disguised as high-level airdrop farmers. After receiving the airdrops, most of these developers remained passive, while some used their large amounts of ARB to vote for more ARB in DAO governance. The best solution to these problems is time. After nearly 30 months of development, the Arbitrum Foundation believes the time is ripe and has launched the DeFi Renaissance Incentive Program (DRIP) to revitalize the Arbitrum ecosystem. Arbitrum Foundation's first move was to leverage the ARB incentives from the first quarter of DRIP to subsidize the yields of DeFi lending protocols (Aave, Morpho, Fluid, Euler, Dolomite, Silo, etc.) in the ecosystem, attracting on-chain users with real money. According to data from the Dune dashboard (https://dune.com/entropy_advisors/drip-season-1-lending-protocols), DRIP boosted the total amount of lendable funds in DeFi from $1.38B to $1.67B in the first quarter, and the loan balance from $967.52M to $1.17B. However, among the L2 market share of the aforementioned DeFi lending protocols, Arbitrum's market share only increased from 3.09% to 3.75%. In contrast, Base's market share increased from 5.04% to 6.64% during the same period. This shows that, in terms of the appeal of on-chain DeFi lending platforms like Degen, real cash subsidies are still somewhat less attractive than the expectation of airdrops with the potential for explosive growth. The Arbitrum Foundation's second arrow is to incubate new, ecosystem-coupled PerpDEX Variational Protocol and Ethereal Perps. Arbitrum has a close relationship with Hyperliquid on PerpDEX, similar to the Anglo-American relationship. Hyperliquid has bridged $4.59 billion USDC into Arbitrum, accounting for 69.08% of Arbitrum's total USDC supply. However, the $4.59 billion USDC only contributes to Arbitrum's revenue in the form of transfer gas fees; the generation of other high-value revenue and positive externalities is captured by Hyperliquid. In this new environment where PerpDEX reigns supreme, the Arbitrum ecosystem needs its own PerpDEX. The Variational Protocol's OLP mechanism has the potential to recreate the glory of GLP, once dominated by GMX. Arbitrum Foundation's third arrow is its deep integration with Robinhood to aggressively promote the tokenization of US stocks. Currently, Arbitrum's RWA assets total $1,026.53 million, primarily composed of tokenized US Treasury bonds, tokenized European debt, and tokenized US stocks (EXOD). There are 615 RWA assets, mainly tokenized US stocks issued by Robinhood. Due to current regulatory restrictions, the structure of tokenized US stocks consists of off-chain SPV custody and CEX/DEX liquidity pools. This leads to issues such as insufficient liquidity, unclear legal status, and reliance on centralized entities for clearing and settlement at this stage. But whether it's Arbitrum x Robinhood's rapid push for tokenization of US stocks or Solana's new ICM narrative, they both point to a future vision set by SEC Project Crypto: the complete blockchainization of global financial infrastructure. In summary, the Arbitrum Foundation's three arrows—the DRIP program, the incubation of Variational, and betting on the tokenization of US stocks—are both focused on the present and aimed at the future. The Arbitrum Foundation is really up to something this time.

Author: PANews

2025/11/13

What is the Best Crypto to Buy Now? A Guide to Analyzing Market Trends & Tokenomics

The hunt for the best crypto to buy now is heating up as investors rotate from established names like Dogecoin ($0.1750) toward fresh opportunities with visible upside. Amid a crowded market of altcoins and meme tokens, one project is standing out for both transparency and traction, Noomez ($NNZ), currently in its third presale stage at […] The post What is the Best Crypto to Buy Now? A Guide to Analyzing Market Trends & Tokenomics appeared first on Live Bitcoin News.

Author: LiveBitcoinNews

2025/11/13

Polymarket goes live in the US for limited users as part of beta test

The post Polymarket goes live in the US for limited users as part of beta test appeared on BitcoinEthereumNews.com. Polymarket has officially relaunched in the United States, but in beta mode, after almost three years of regulatory limbo and an extended stint operating offshore. Summary Polymarket has relaunched in the U.S. in closed beta. It follows Polymarket’s $1.4 million CFTC settlement in 2022, which forced the platform to shut out U.S. users. Polymarket is currently operating quietly within a closed beta, with the platform open to select users who are already placing real-money bets on live contracts, founder Shayne Coplan revealed during Cantor Fitzgerald’s Crypto and AI Infrastructure Conference in Miami. “The US Exchange is actually live and operational, and people are being onboarded. It’s effectively in a beta test,” Copland said. Reports of Polymarket returning to the U.S. first surfaced in late October, right after the Commodity Futures Trading Commission issued a no-action letter clearing the way for the platform to restart operations through its newly acquired entities, QCX and QC Clearing. Back in 2022, the CFTC alleged that Polymarket was offering unregistered event-based binary options to U.S. users. The firm paid a $1.4 million penalty to settle the charges and ceased U.S. operations as part of the agreement. Fast forward to 2025, the commission reversed course under a new leadership team and granted regulatory clearance after Polymarket revamped its legal structure and brought Donald Trump Jr. onto its advisory board. Subsequently, the company moved to acquire QCEX, a fully regulated exchange and clearinghouse, in a $112 million deal after the platform faced mounting demand tied to its election markets and rising retail interest. That acquisition gave Polymarket the regulatory infrastructure it needed to operate legally within the United States. “It’s the fastest anyone has ever gotten to market. Definitely a difficult task, but our team has been incredible and made that happen,” Coplan added. Once fully live,…

Author: BitcoinEthereumNews

2025/11/13

Coinbase Moves Headquarters Registration to Texas as Firms Flee Delaware’s Chancery Uncertainty

        Highlights:  Coinbase has moved to Texas as it seeks legal stability and a pro-innovation climate. Texas has attracted top companies through predictable business laws and support for crypto. Coinbase relocation shows firms now prefer legal certainty and lower risks.  Coinbase has shifted its legal base from Delaware to Texas. The company disclosed the move in a filing with the U.S. Securities and Exchange Commission after shareholders approved the decision. Coinbase said Texas offers a more stable business environment and a clearer legal structure for companies operating in emerging industries.  @coinbase made big news with their reincorporation to Texas. Check out our discussion and why we expect more companies to follow this lead, leaving Delaware and recognizing Texas as the leading jurisdiction for companies. Follow @txcaplive pic.twitter.com/HlpqtJAiYz — Texas Capital Live (@txcaplive) November 12, 2025  Chief Legal Officer Paul Grewal described the motivation behind the company in an op-ed published by the Wall Street Journal. He explained that Texas offers efficiency, predictability, and fairness, and hence is the correct choice when it comes to the long-term objectives of Coinbase. Grewal attacked the Chancery Court in the state of Delaware, claiming that it no longer provides companies with uniform decisions. He further said that the previously stable structure of Delaware is now uncertain, and many companies are reconsidering their registration.  Coinbase has always been about increasing economic freedom, and this factors into the state where we choose to incorporate. Texas has a strong culture of celebrating builders who are growing our economy, creating prosperity for all. They've also embraced crypto. By this metric,… https://t.co/os2RWBqlB3 — Brian Armstrong (@brian_armstrong) November 12, 2025  For decades, Delaware attracted thousands of corporations because of its specialized court system and business-friendly policies. Nonetheless, recent court cases have led to an increasing level of frustration amongst executives. The move by Coinbase is part of a wider trend among U.S. businesses that prefer a higher degree of legal predictability and reduced operating expenses. In recent years, other large companies, like Tesla and Charles Schwab, have exited Delaware and moved to Texas. These corporations invoke the same motives of consistency in the law and friendlier business laws. The shift of Coinbase is a significant shift in the field of corporate governance, as it demonstrates that even large companies now value the stability of jurisdiction more than custom. The company outlined Texas as a new business center where innovation fits with regulatory transparency. Coinbase Moves to Texas Following Legal Uncertainty and Growing Corporate Frustration Coinbase is not the only large company that has opted to be headquartered in Texas instead of Delaware. The trend started with Tesla and SpaceX moving out of Delaware after the Chancery Court struck down the package of compensation worth $56 billion paid to Elon Musk. Musk subsequently called upon companies to leave Delaware and criticized the unpredictable nature of the legal process in the state.  Never incorporate your company in the state of Delaware — Elon Musk (@elonmusk) January 30, 2024  Texas has reformed its business laws to attract companies seeking stability. The state recently established new business courts and policies that limit shareholder lawsuits. These changes have drawn interest from technology and crypto firms looking for consistent governance. Coinbase CEO Brian Armstrong praised Texas for its “culture of celebrating builders.” He said this aligns with the company’s mission to expand economic freedom through innovation. Coinbase’s move comes during a strong financial period for the exchange. The company recently reported quarterly earnings that surpassed analyst expectations. It posted $1.5 per share in earnings against a $1.05 consensus estimate. Revenue rose 25% from the previous quarter to $1.86 billion. Transaction revenue reached $1 billion, while subscriptions and services contributed $747 million. The firm also recorded $433 million in net income and an adjusted EBITDA of $801 million. The spot trading volume grew by 38% around the world and 29% in the United States. These figures reinforce Coinbase as a top exchange even amidst market volatility. Texas Emerges as a Magnet for Crypto and Business Relocations Texas is rapidly attracting corporations and crypto firms. The state encourages innovation and provides business-friendly tax and legal frameworks. Governor Greg Abbott has been a champion of a number of policies that have reinforced the state’s reputation as a technology hub. They involve new incentives to companies that intend to increase their operations in Texas. Coinbase’s relocation also reduces its exposure to ongoing legal battles in Delaware, including one related to its 2021 public listing. The relocation of the company can simplify any future conflicts and maintain a clear picture of operations. Grewal said competition among states benefits companies and drives legal improvement.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. 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Author: Coinstats

2025/11/13