According to @ThinkingUSD, most centralized exchanges (CEXs), except for Coinbase, operate internal trading desks that could potentially use trader position data for their own benefit, affecting the fairness of trade execution and increasing the risk of targeted liquidations or price manipulation (source: @ThinkingUSD on Twitter, May 30, 2025). This highlights a critical risk for crypto traders who believe position privacy is ensured on CEXs, reinforcing the importance of exchange transparency and the ongoing relevance of decentralized exchanges (DEXs) for those seeking unbiased trading environments.

According to Paradex Network, traders can now access 20x leverage for HYPE/USD pairs exclusively on the Paradex decentralized exchange (DEX) (source: Paradex Network Twitter, May 8, 2025). This high-leverage feature allows users to maximize trading exposure to the trending HYPE token, which has seen increased activity in the DeFi and meme coin sectors. The availability of leverage on a DEX provides greater flexibility and direct wallet integration, reducing counterparty risk compared to centralized platforms. Traders should monitor HYPE's liquidity, volatility, and risk management tools closely, as leveraged trading can amplify both gains and losses. This development positions Paradex as a competitive player in leveraged DeFi trading and may contribute to increased volume and volatility in the HYPE token market.