PayPal Links + cryptocurrency transfers = a deadly threat to CEX? PayPal's latest launch of "PayPal Links" and its built-in cryptocurrency transfer feature can be seen as a precise breakthrough against the barriers between traditional payments and crypto assets. This move goes beyond just adding functionalities; it significantly lowers the psychological and technical barriers for users to first use cryptocurrency by seamlessly embedding payment links into social scenarios, fundamentally changing the experience paradigm of fund flow. From an ecological competition perspective, PayPal has not directly impacted the core businesses of CEXs like Binance and OKX—high-frequency trading, contract pricing, and asset diversity remain their strongholds. However, its true disruptive nature lies in redefining the user entry point: leveraging a large base of compliant users and trust advantages, PayPal is becoming one of the largest compliant traffic channels in the crypto world. By generating...
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