Decentralized exchanges had a large jump in cryptocurrency trading volume in March as U.S. regulators went after their centralized counterparts including Kraken, Coinbase and Binance.

Volume on DEXs reached $133.1 billion, the third consecutive monthly increase and the highest monthly total since May, according to DefiLlama data.

This comes as the crypto industry faces possibly its strongest regulatory pressure yet, with centralized exchanges feeling the brunt of it so far. The U.S. Securities and Exchange Commission went after Kraken for its staking service, and issued a Wells Notice to Coinbase, while the Commodity Futures Trading Commission accused Binance of evading U.S. law.

That’s led some to speculate crypto traders will shift to DEXs, and the DefiLlama data suggests that could be happening.

More and more #CEXs will face strongest regulatory pressure due to not #transparency.

Now, we find a new type of exchange named TEXs(Transparency Exchanges),which find a balance between security and transparency and user experience, hoping to ensure transparency and security without sacrificing user experience.

What do you think users will choose TEXs/CEXs/DEXs, what's the reason?

source：https://www.coindesk.com/markets/2023/04/05/cryptos-decentralized-exchanges-saw-most-volume-in-10-month-amid-us-crackdown-in-march/