最新报道:Centralized exchanges are shifting from trading venues to regulated finance platforms, with Kraken securing $500 million for its IPO and Gemini raising $425 million, while perpetual DEXs surged past $2.6 trillion in trades in 2025. This transition sees CEXs like Coinbase launching super-apps and facing potential bank-like oversight, as they compete with decentralized rivals offering custody-free leverage and speed.