💰 Korea's largest CEX, Bithumb(@BithumbOfficial), announced plans to build their mainnet. Upbit(@Official_Upbit) will probably follow(given how competitive they are đŸ”„) Coinbase(@base), Binance(@BNBCHAIN), Kraken(@inkonchain), Bitkub(@BitkubOfficial), Upbit, and Bithumb are all entering the space. CEXs previously competed at the regional level. Now they must compete globally to attract users and capture market share. CEX are inherently winner-takes-all businesses. The early regional winners now face global competition. I wonder how this will shake out đŸ€”
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