Centralized exchanges’ Kodak moment — time to adopt a new model or stay behind

Quick Summary:

Features like magic spend will enable exchanges to fund self-custodial accounts on demand, converting fiat into the required onchain currency, routing trades through the best available liquidity and securing assets without users needing to manage private keys or interact with multiple platforms.

The rise of Solana-based memecoins, the popularization of projects like Pump.fun and developments in AI-driven token creation are driving the creation of millions of new tokens each month. Exchanges have not evolved to keep up.That must change.

The exchanges that get this transition right — the ones that integrate security at the core of an open-access model — will lead the next era of crypto.

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Article Details

Author / Journalist: Cointelegraph by Ido Ben Natan

Category: Crypto

Markets: United StatesMali

Topics: Crypto Exchanges Cexs Tokens Open-access Token Users Must System Isn’t Model

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-22 @ 15:00:00 (1 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 881 words

Reading Time: 5 minutes read

Sentences: 53 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27240488

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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