First, Binance US was sued by the Security Exchange Commission, and as if it wasn't enough, they went on to apply for Funds of Binance US to be seized. Today, CoinEx has been banned in New York, and the funds of New York users seized temporarily. 

Centralized Exchanges being filed by regulators may not be annoying compared to the inability to withdraw funds due to the lawsuit. Investors are in the cryptocurrency world because they want to move away from the local centralized financial system. They probably manage to leave their funds in centralized exchanges because of the ease of using the exchange. Now, when they face this type of issue of not being able to withdraw funds during a regulatory attack, there is a higher probability of moving out completely from centralized exchanges when they finally receive their seized funds. 

One fact we have to bear in mind is that despite the centralized nature of Centralized exchanges, and the fact that crypto aims for decentralization,  We still need them in the crypto world. The user-friendly nature, and to an extent, the centralized security measure, are what most newbies can hang onto before moving to decentralized wallets and exchanges. 

We hope that most of these attacks on Centralized exchanges will stop. We hope to see regulatory compliance from Centralized Exchanges because crypto has gotten to a stage where regulatory compliance needs to be met by exchanges. Without regulatory compliance, it will be hard for crypto and centralized exchanges to thrive. This is why most top centralized exchanges are seeking regulatory compliance in the countries where they operate. 

 I believe with time, we will have a crypto-friendly world, and those of us who are early investors will appreciate joining the train on time. Centralized exchanges will stay, and decentralized exchanges will also stay. This is to give people the opportunity to choose what they want. 

#CEX #regulation