Lorenzo Valente(@LorenzoARK):CoinEx and Balancer are shutting down. I think the wave of CEXes and DEXes shutting down is only beginning. From a stablecoin and tokenized asset perspective, it is becoming pretty clear that unregulated venues are losing market share to regulated ones. That shift will undoubtedly squeeze everything downstream of these exchanges: apps, networks, and assets that rely on their liquidity, volumes, or distribution. I think there are a lot of conclusions to draw from a marketshare perspective

Lorenzo Valente

@LorenzoARK

Crypto at @ARKinvest I Director of Research I Disclosure:

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Lorenzo Valente@LorenzoARK

2026.09.15 13:48

CoinEx and Balancer are shutting down. I think the wave of CEXes and DEXes shutting down is only beginning. From a stablecoin and tokenized asset perspective, it is becoming pretty clear that unregulated venues are losing market share to regulated ones. That shift will undoubtedly squeeze everything downstream of these exchanges: apps, networks, and assets that rely on their liquidity, volumes, or distribution. I think there are a lot of conclusions to draw from a marketshare perspective