In a way, I think they can actually complement each other and not compete. Cryptocurrency also need a bit of regulation to scale and reach more adoption.

Yes, I know crypto is decentralised but at the same time look at Binance one of the biggest exchange out there with KYC and all. We have coinbase and others too doing fine. I know we have Dexes but do they actually pull the volume of this Centralised exchanges, who do people trust more Dexes or Cexes.

A bit of overseeing is needed for cryptocurrency so that the average individual can relaxingly buy Hive or Bitcoin and stay calm that there won't be a bad player that disappears with the fund and claim hack or something.