Short to medium term (1-3 years):


CEX remains mainstream, especially among novice users and fiat entry points, but the market share of DEX will gradually increase, particularly in the derivatives sector.

Medium to long term (3–10 years):
If blockchain technology (L2, cross-chain, ZK) matures, DEXs may approach or even surpass CEXs in spot and derivatives trading volume.
The future landscape may be a division of three realms: "compliant CEX + efficient DEX + aggregator."
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