The CEO of X10 emphasizes that centralized crypto exchanges remain crucial for the widespread adoption of cryptocurrencies, despite the collapse of FTX. This perspective is based on several key points:

1. User-Friendly Experience: Centralized exchanges (CEXs) typically offer a more user-friendly experience compared to decentralized exchanges (DEXs). They provide intuitive interfaces, customer support, and easier navigation, which are essential for attracting and retaining new users who may not be tech-savvy.

2. Liquidity: CEXs usually have higher liquidity than DEXs, facilitating smoother and faster transactions. This is crucial for both retail and institutional investors who need to execute large trades without significant price slippage.

3. Security Perception: While the collapse of FTX has shaken confidence, many users still perceive CEXs as safer because they often have regulatory oversight, insurance policies, and robust security measures in place.

4. Regulatory Compliance: Centralized exchanges are more likely to comply with local and international regulations. This compliance helps in building trust with users and financial institutions, thereby promoting broader adoption.

5. Fiat Integration: CEXs provide easier integration with traditional financial systems, allowing users to deposit and withdraw fiat currencies. This bridge between fiat and crypto is essential for mass adoption.

The collapse of FTX serves as a reminder of the risks inherent in the industry, highlighting the need for better regulatory frameworks and operational transparency to restore and maintain trust in centralized exchanges. Despite such setbacks, their role in the ecosystem remains vital for the foreseeable future.