According to CoinDesk, at Consensus Miami, institutional investors remain largely wary of decentralized perpetual futures exchanges (Perp DEX) due to security risks and KYC compliance obstacles. Trader Wizard of SoHo highlighted that Drift protocol’s recent hack involving millions of dollars underscores DeFi vulnerabilities, making institutional adoption a key competitive focus for Perp DEX platforms. Anderson from Canary Labs expressed concern over current DeFi security conditions, noting that large institutions face significantly higher barriers adopting decentralized exchanges compared to centralized platforms. The structural conflict between DeFi’s permissionless design and institutions’ strict compliance requirements remains a critical impediment to scaled adoption.
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