45% of crypto investors say trust in CEXs has fallen since 2022

According to a 2025 survey of 375 Cointelegraph readers, 45% of respondents said their trust in centralized exchanges (CEXs) has declined compared to four years ago in 2022. An additional 20% reported a slight decrease in trust, while 19% saw no significant change. Only 16% of those surveyed said their confidence in CEXs had improved. The top three reasons cited for the drop in trust were exchange hacks (33%), the collapse of major platforms like FTX (27%), and regulatory restrictions (26%).