Star's review of CZ: OKX and Binance have long-standing differences in values.

CoinLive
2026.02.10 10:48
In response to CZ's statement on the X platform that "exchanges should provide users with trading channels for all assets," Star stated that conflating DEXs and CEXs is a mistake, as they play fundamentally different roles. Open, permissionless access belongs to DEXs; responsibility, standards, and accountability belong to CEXs. DEXs are purely self-custodial tools; the service provider is not an intermediary and does not control user funds. Users interacting with DEXs should understand that they are using a tool and are fully responsible for their actions. In contrast, CEXs act as banks, holding user funds in custody and therefore have explicit obligations such as anti-money laundering, sanctions compliance, fraud prevention, and consumer protection. Confusing DEXs with CEXs is not about openness, but rather an attempt to evade responsibility. This fundamental difference reflects the long-standing value differences between OKX and Binance.