According to @Tetranode, both Coinbase and FTX closed user accounts after repeated requests for KYC (Know Your Customer) compliance were rejected by the user. This highlights the growing enforcement of regulatory requirements on centralized exchanges, increasing the operational risks for traders who prioritize privacy. As centralized platforms tighten compliance, traders may shift towards on-chain decentralized exchanges, which have different risk profiles but do not enforce KYC in the same way (Source: @Tetranode on Twitter, May 22, 2025). The trend signals a potential increase in on-chain trading activity and could impact liquidity and volatility on decentralized platforms.