The largest crypto exchange by market cap, Binance, has run into crypto regulatory problems lately. That has made crypto users apprehensive about the centralized exchange (CEX). Generally, users have also become skeptical about centralized entities and are looking to trade on decentralized exchanges (DEX) instead.
ETFSwap (ETFS) is a decentralized finance (DeFi) platform that has caught the attention of these crypto users. It promises to take a huge chunk of Binance’s market share. ETFSwap’s unique offerings have also set it apart from other DEXs. There is a growing belief that it could rise through the ranks.
Is It the Beginning of the End for the Binance Crypto Exchange?
Binance recently faced regulatory scrutiny in Nigeria. This crypto exchange and its two executives were charged with money laundering and tax evasion. Officials in the country raised concerns about Binance being used as a channel for illicit financial flows into the country.
Specifically, the G
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