Earlier, JPMorgan issued a report acknowledging that the recent string of crypto bankruptcies came from centralized entities. Still, Nikolaos Panigirtzoglou, an analyst Centralized exchanges will continue to control the majority of global digital-asset trading volumes, JPMorgan said, contradicting some crypto-native experts who expect a Coindesk reported a recent note to customers from analysts at JP Morgan, stating their belief that centralized cryptocurrency exchanges will still remain dominant. Centralized Exchanges Will Continue to Dominate Crypto, JPMorgan Says. DeFi still relies on CEX for price discovery and is more susceptible to hacks. Centralized exchanges will continue to control the majority of global digital-asset trading volumes, JPMorgan said, contradicting some crypto-native experts who expect a