Animoca Insights: The Rise of Universal Exchanges in the Evolving Crypto Landscape
As the cryptocurrency market continues to mature, major exchanges are undergoing a transformation, evolving into comprehensive platforms that integrate decentralized finance (DeFi) functionalities. This shift, highlighted in a recent report by Animoca Brands, hints at the emergence of “universal exchanges” (UEXs) that could reshape user engagement in the crypto sphere. In the analysis shared with The Defiant, Animoca Brands indicates that centralized crypto exchanges (CEXs) are facing increasing competition from DeFi platforms and on-chain tools. Users are gravitating towards services that offer more than basic trading capabilities, and CEXs are responding by broadening their offerings. Animoca asserts that these universal












