The cryptocurrency industry has proven to be one of the fastest-growing sectors in the past decade. The shifting interest of the general public towards cryptocurrencies is evident as the number of new tokens and their respective volumes on exchanges continue to grow at a phenomenal rate. Recent studies place the crypto market’s annual growth rate at around 7.1% in the short term (2026) and a whopping 12.8% by the end of 2030. The overall industry growth is influenced by technological advancements, enterprise and institutional adoption and the legal status of digital assets across geographies. However, irrespective of these developments, one subsector – crypto exchanges will continue to flourish, thanks to the widespread recognition of cryptocurrencies as a store of value with the potential to deliver huge returns. As the number of retail and institutional investors continues to grow, so do the exchanges that cater to their diverse needs. Meanwhile, the emergence of decentralized exchanges (DEXs) has made crypto trading a lot easier. As a result, established centralized exchange platforms now feel the need to innovate to stay relevant in the near future. Further, the sudden yet sustained exponential increase in users has pushed their existing infrastructure to its limits. These factors are a clear signal of changing times and the industry needs to address prevalent issues with improved, user-friendly and inexpensive infrastruct...