Hacker News Reader

I guess the issue I foresee is that many perp DEXes aren't available in the USA. Gemini is opening a perp CEX soon I think. May be the last bastion for smaller CEXes: having enough regulatory favorability/connections to copy DeFi until the music stops.

View on HN

A DEX wouldn't fundamentally exist in any specific regulatory environment... how would one somehow not be available in the US?

It would be unavailable in the sense that US entities would be legally prohibited from transacting with it, in the same way that US entities are prohibited from transacting with Binance (and, to the extent that they're flouting this prohibition, they're getting in trouble for it).

Reply on news.ycombinator.com