🚨 Exchanges bringing everything in-house isn't about "efficiency" — it's a liquidity power grab.
Clearing, brokerage, custody under one roof means tighter spreads but also concentrated risk. Watch for:
- More aggressive stop hunts (your liquidation is their profit)
- Fake breakdowns near key levels as they internalize flow
- Regulatory paint jobs before IPO exits
This isn't decentralization. It's Wall Street 2.0 with crypto branding.
Who gets squeezed first?
#CEX #Trading
Clearing, brokerage, custody under one roof means tighter spreads but also concentrated risk. Watch for:
- More aggressive stop hunts (your liquidation is their profit)
- Fake breakdowns near key levels as they internalize flow
- Regulatory paint jobs before IPO exits
This isn't decentralization. It's Wall Street 2.0 with crypto branding.
Who gets squeezed first?
#CEX #Trading