Frank Combay , COO of Next Generation NGPES , a platform connecting traditional financial infrastructure with digital assets, argues that the rally in exchange tokens, which began in late August before the recent market correction, reflects more than just short-term hype. He points to stronger institutional demand and regulatory clarity as the key drivers:This raises the key issue: can CEXs withstand the surge of perp DEXs and keep their place in a market that is increasingly moving toward decentralized alt ...