Will Bitcoin Become the First Monopoly in Global Decentralized Economy
The recent market movements in the industry have started the discussion on the future of centralized trade in cryptocurrencies. The concept of cryptocurrencies started with an aim of decentralizing money and giving back control to the masses. But as the market developed, centralized players strengthened their authority and the goal of decentralizing power faded away in the glory of billions of dollars of unregulated money movement. However, everyone in the industry woke up from their deep sleep when a heavy-weight centralized exchange got into dust in a matter of few days. It took the fall of FTX along with the loss of billions of customer funds to make us realize that decentralization is the true way for democratizing finance.