OKX Star responded to CZ’s statement on the X platform that “exchanges should provide trading channels for all assets for users,” stating that conflating DEX and CEX is a mistake, as they play fundamentally different roles. Open, permissionless access belongs to DEX; responsibility, standards, and accountability belong to CEX. DEX is purely a self-custody tool, where service providers are not intermediaries and do not control user funds. Users interacting with DEX should understand that they are using a tool and take full responsibility for their actions.
In contrast, CEX holds user funds like a bank, thus bearing explicit obligations such as anti-money laundering, sanctions compliance, fraud prevention, and consumer protection. Conflating DEX with CEX is not about openness, but rather an attempt to evade responsibility. This fundamental distinction reflects the long-standing differences in values between OKX and Binance.
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