We've heard quite a bit about withdrawals so depending on how much is taken out.
Plus the entire security and exchange commission flags that they have done.
Don't forget the entire attempt at overthrowing our blockchain.
And how many other instances do we have of illegal if not criminal behavior from this centralized exchange.
Personally I don't think that they are going to be able to conduct business for much longer and decentralized exchanges are going to really start rising especially our decentralized exchange.
This New Year sure started off with a bang.
The idea of DEX's taking over from centralised exchanges is just dumb, where are DEXs meant to get fiat liquidity from? They need stabelecoins, which are issued by centralised institutions.
If you can't access stablecoins or find someone willing to trade you cash for bitcoin for example, you can't get into the market. If you have no onramp to the biggest pool of liquidity which is fiat, then you're dead, DEXs cant survive without CEXs
P2P markets are very different from DEXs and you can tell the health of a P2P market based on the premium above market rates which is still 5 - 50% depending on the payment method and currency, so no CEXs arent going away