The significance of the existence of exchanges｜Web3 English learning Day 8

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This issue's material comes from OKX Chairman Hong Fang's in-depth answer to "Why does CEX exist?", covering CeFi progress and global compliance strategy

🎧 Learning steps

1️⃣ First time: Blind listening without subtitles

2️⃣ Second time: Listening and reading with English subtitles

3️⃣ Third time: Listening carefully with Chinese and English subtitles

📒 Learning notes

🔹 Vocabulary

exchange Exchange

license License, license

accountable Responsible, accountable

CeFi Centralized Finance

DeFi Decentralized Finance - relative to CeFi

passport Noun: passport; verb: pass to other countries (extended to refer to the effectiveness of the license)

EEA European Economic Area

onramp / offramp Deposit / withdrawal channel

sustainable Sustainable

🔹 Phrases

offer value to xxx Provide value to xxx

reach the customers reach users

make progress on... make progress on...

hold accountable hold accountable for...

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