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If you want to create your own defi crypto exchange, you’ll be nolens volens competing against other DEXes. Therefore, it makes a lot of sense to review major defi exchanges to see what’s trending and understand how you can make your own DEX stand out. Centralized exchanges have to individually vet tokens and ensure they comply with local regulations before 270 addresses cryptocurrency money listing them. Decentralized exchanges can include any token minted on the blockchain they are built upon, meaning that new projects will likely list on these exchanges before being available on their centralized counterparts. Some DeFi platforms may fall under the proposed definition, but others may already be considered exchanges by the existing one, SEC officials said this week. Be the first to get critical insights and analysis of the crypto world: subscribe now to our newsletter.