If anything, it's clear that most CEX are really worried about Perp DEX taking away their market share going forward even though DEX to CEX ratio for perps only stands at 5% globally.
In my last job at HashKey, I was in charge of operation on crypto management side, I talked to 3AC about lending in 2020, didn’t happen cuz they don’t provide any collateral. Rly shocked that companies I used looked up just lend money so irresponsibly. Like 0 risk management.