Centralized crypto exchanges remain at the core of the crypto market, but their role is beginning to shift. The focus is increasingly moving away from the passive custody of capital toward its active use in trading. Centralized crypto exchanges, or CEXs, continue to form the backbone of the market. They provide liquidity and serve as the primary access point for both retail and institutional investors. However, the latest CoinGecko report shows that it is no longer the size of assets held on these platforms that matters most, but how actively that capital is being used. Total reserves across the largest…
