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Crypto Exchanges Are Quietly Becoming Financial Operating Systems

Hacker Noon

TechnologyHacker Noon·Aug 2, 2026·1 min read

Crypto Exchanges Are Quietly Becoming Financial Operating Systems

Recent moves by Crypto.com, Coinbase, and S&P suggest that the next phase of crypto may be built around infrastructure—not another trading screen. For years, crypto exchanges competed on a familiar set of features: more tokens, lower fees…

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