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Working with centralized exchanges: A waste of time


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In May of this year, my friend lost his job when the crypto exchange he was for shut down operational. All effort to get another one has proved abortive despite his wealth of experience in the space.

As a matter of fact, most exchanges are currently downsizing their workforce due to the effect of the bear market and strict regulations from law enforcement authorities.

This got me thinking if it's actually worth working for CEXs whose activities can easily be swayed by unfavorable market condition and policy.

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unexpected job loss does not sound good. But that does not take away the potential of the space. While the majority of the crypto exchange were busy downsizing due to the intense bearish pressure, a few reputable pro-regulatory exchanges like Bitget is waxing strong with a steady increase in trading volume and market share as reported by TokenInsight and CoinGecko Q2 highlight. The exchange CEO Gracy Chen recently stated in an interview with Coinbureau that the exchange is still recruiting despite the crypto bear. 

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