The aftermath of the FTX collapse shed light on the vulnerabilities of centralized exchanges (CEXs) and the urgent need for reform. The industry must prioritize compliance and transparency to prevent future disasters like the FTX collapse.

Compliance is crucial in the post-FTX world, emphasizing the need for robust corporate governance and financial controls. Regulated exchanges have started offering custodial services to safeguard customer funds, but regulation alone is not foolproof. Self-custody is key to maintaining control over your assets and mitigating risks associated with centralized exchanges.

Hybrid exchanges, combining the strengths of CEXs and DEXs, offer innovative solutions that prioritize self-custody and trustless risk management. By blending regulatory compliance with decentralized features, hybrid exchanges provide users with secure and transparent trading options.

The FTX collapse serves as a wake-up call for the crypto industry to prioritize security and accountability. As the industry evolves, it is essential to learn from past mistakes and embrace new models that prioritize user control and asset security.

Hong Yea, founder of GRVT, a self-custody crypto exchange, emphasizes the importance of self-custody in a post-FTX world. With a background in traditional finance, Yea advocates for innovative solutions that prioritize user control and security in the evolving crypto landscape.

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