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![Phemex_official Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1171719416389591041.png) Phemex [@Phemex_official](/creator/twitter/Phemex_official) on x 483.1K followers
Created: 2025-07-07 15:26:50 UTC

Why do CEXs still matter?
And why does on-chain matter more than ever?

Our CEO @Federico0x breaks it down with @beincrypto 👇

![](https://pbs.twimg.com/amplify_video_thumb/1942237743020384257/img/XX5OC9RVOsjAkOVm.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942243919439462594/c:line.svg)

**Related Topics**
[onchain](/topic/onchain)
[exchanges cexs](/topic/exchanges-cexs)
[phemex](/topic/phemex)

[Post Link](https://x.com/Phemex_official/status/1942243919439462594)