Here’s a truth about the crypto world: Exchanges have long been dominated by one giant — Binance! Wallets will never achieve monopoly status. A lot of people are puzzled: Why has the centralized exchange space already been taken over by Binance, leaving almost no room for others, but the crypto wallet sector remains leaderless, with no one able to dominate? The answer is actually pretty harsh and very realistic: wallets are a niche, hardcore demand in the crypto world that most people simply don’t need. 99% of regular users in crypto just store their funds on exchanges from start to finish. People come to crypto to trade coins, speculate, and make money — not to memorize private keys, manage seed phrases, or deal with on-chain operations. The biggest advantage of centralized exchanges is this: the platform has your back. It takes on all the risks, and users don’t have to worry about anything. Depositing and withdrawing funds is as simple as it gets. If you lose money, blame the market. If a hacker steals your funds, blame the platform. Zero responsibility for the user. And self-custody wallets? At their core, they’re tools that dump all the risks onto you. You’re responsible for remembering your private keys, managing your seed phrases, no one compensates you if your funds are stolen, you can’t recover funds sent to the wrong address, and any on-chain issues are entirely on you. For the average retail investor, how is that convenient? It’s not — it’s a burden, a barrier, a hassle. That’s why wallets are destined to never go mainstream and can only serve the small group of players willing to manage their own funds. What do you guys think?