Ah, I hadn't heard of Binance square - I just tried to look at it but was told it's not active in my region. I'll try to bypass that somehow. It sounds like the usual story of large corporations wanting to control every aspect of their process in-house as much as possible.

I see the problem with market making, yes. It's katch 22 in that the community can't vote on a proposal to support market making without public access to the terms, which they service providers aren't willing to facilitate.

The De-Fi liquidity pool approach could be a viable alternative. It's not an area I am an expert in, but perhaps @vaultec's plans will offset the problems with centralised exchanges?