Star Comments on CZ: OKX and Binance Have Long-Standing Differences in Values

Odaily News OKX Star responded on platform X to CZ's statement that "exchanges should provide users with trading channels for all assets," stating that conflating DEXs and CEXs is incorrect, as they play fundamentally different roles. Open, permissionless access belongs to DEXs; responsibility, standards, and accountability belong to CEXs. DEXs are purely self-custody tools where service providers are not intermediaries and do not control user funds. Users interacting with DEXs should understand they are using a tool and bear full responsibility for their own actions. In contrast, CEXs, like banks, custody user funds and therefore have clear obligations such as anti-money laundering, sanctions compliance, fraud prevention, and consumer protection. Conflating DEXs with CEXs is not about openness but an attempt to evade responsibility. This fundamental distinction reflects the long-standing differences in values between OKX and Binance.