cex，defi，融合：导航加密货币的变化沙子

CEXS正在研究中，使集中式和分散融资之间的界线模糊。这种融合对加密的未来意味着什么？

CEX, DeFi, Convergence: Navigating the Shifting Sands of Crypto

cex，defi，融合：导航加密货币的变化沙子

The crypto landscape is undergoing a seismic shift as centralized exchanges (CEXs) like Binance, Bybit, and Coinbase increasingly embrace decentralized finance (DeFi). This convergence, dubbed "CeDeFi," is reshaping the industry and creating new opportunities and challenges.

加密景观正在经历地震转变，因为Binance，Bybit和Coinbase等集中式交流（CEX）越来越多地接受分散的金融（DEFI）。这种称为“ Cedefi”的融合正在重塑行业，并创造新的机遇和挑战。

Why the Rush to On-Chain?

为什么急于链链？

CEXs are no longer content to sit on the sidelines. They're jumping into DeFi for several key reasons. Primarily, they're chasing early token opportunities. With many new tokens launching directly on decentralized exchanges (DEXs), CEXs risk missing out on trading volume and revenue due to lengthy regulatory audits. By offering on-chain services, they can participate in the early token flow without the immediate pressure of a formal listing.

CEX不再满足于坐在场上。他们出于几个关键原因而跳入DEFI。主要是，他们正在追逐早期的令牌机会。由于许多新的代币直接在分散交易所（DEX）上推出，因此，由于长期的监管审计，CEXS可能会丢失交易量和收入。通过提供链上服务，他们可以参与早期的令牌流，而无需立即列出正式上市的压力。

Different Strokes for Different Folks

不同人的不同中风

The approach to CeDeFi varies significantly across platforms. Binance Alpha caters to retail users, prioritizing ease of use. Bybit's ByReal aims to replicate CEX-level liquidity on-chain with a hybrid design. Coinbase is taking a dual-track approach, targeting both retail and institutional users with separate services.

CEDEFI的方法在平台之间差异很大。 Binance Alpha迎合零售用户，优先考虑易用性。 Bybit的Byreal旨在通过混合设计复制CEX级流动性。 Coinbase正在采用双轨方法，以单独的服务针对零售和机构用户。

• Binance Alpha: Lowering the Web3 barrier for retail users through a familiar interface.
• Bybit's ByReal: Offering CEX-level liquidity on Solana through a hybrid RFQ and CLMM model.
• Coinbase: A dual-track strategy with integrated on-chain access for retail and regulated, high-security liquidity for institutions.

The Future is Hybrid

未来是混合的

The lines between CEXs and DeFi protocols are blurring. Users may not even realize whether they're interacting with a centralized or decentralized interface. This convergence could lead to a more unified market structure, with liquidity flowing freely between both worlds. The role of exchange tokens is also evolving, becoming core assets that connect centralized and decentralized ecosystems.

CEXS和DEFI协议之间的界线是模糊的。用户甚至可能没有意识到他们是否与集中式或分散的界面进行交互。这种融合可能会导致更统一的市场结构，并且在两个世界之间自由流动。交换代币的作用也在不断发展，成为连接集中和分散生态系统的核心资产。

The Rise of New Tokens: Qubetics, GateToken, and Bitget Token

新代币的兴起：码头，gateToken和bitget token

The crypto market is constantly evolving, with new tokens emerging and established ones adapting. Qubetics, a next-gen Web3 infrastructure protocol, is set to debut on a top 10 centralized exchange, offering a decentralized VPN feature designed to revolutionize privacy in Web3. The presale closes at 8 a.m. UTC, and listing on the CEX is scheduled for 11 a.m. UTC on June 30. Bitget Token (BGB) is also showing signs of growth due to the utility-driven demand within the Bitget ecosystem. GateToken (GT) remains a stable and reliable asset within the Gate.io exchange. These tokens represent different aspects of the crypto evolution.

加密市场不断发展，新的代币新兴和建立的代币适应。 Qubetics是一种下一代Web3基础架构协议，将在前10个集中式交易所首次亮相，提供分散的VPN功能，旨在彻底改变Web3中的隐私。预售于UTC上午8点关闭，CEX上的上市计划于6月30日上午11点在UTC上进行。BITGETTOKEN（BGB）也显示出由于BITGET生态系统中公用事业驱动的需求而导致的增长迹象。 GateToken（GT）仍然是Gate.io Exchange中的稳定且可靠的资产。这些令牌代表加密演化的不同方面。

A Personal Take: It's All About Integration

个人看法：这全都与整合有关

The most successful CEXs in the CeDeFi era will be those that seamlessly integrate on-chain and off-chain services. This means abstracting away the complexities of DeFi for the average user while still providing access to the innovative opportunities it offers. It’s about creating a user experience so smooth that users don’t even realize they’re interacting with decentralized protocols. Also new tokens needs to focus on user experience, community and utility.

CEDEFI时代最成功的CEX将是那些无缝整合链和链服务的人。这意味着要抽象普通用户的Defi复杂性，同时仍可以访问其提供的创新机会。这是关于创建一个如此顺利的用户体验，以至于用户甚至没有意识到他们正在与分散的协议进行交互。同样，新的代币需要专注于用户体验，社区和公用事业。

Wrapping Up

总结

The convergence of CEXs and DeFi is an exciting development. It's a sign that the crypto industry is maturing and that centralized and decentralized systems can coexist and complement each other. Keep an eye on how these platforms evolve and how they shape the future of finance. Who knows, maybe one day we'll all be using CeDeFi without even realizing it. How cool is that?

CEXS和DEFI的融合是一个令人兴奋的发展。这表明加密行业正在成熟，集中和分散的系统可以共存和相互补充。密切关注这些平台如何发展以及它们如何塑造财务的未来。谁知道，也许有一天我们都会在没有意识到的情况下使用Cedefi。那有多酷？