This is indeed a pain point. I was discussing the PerpDEX sector with colleagues the other day. It solves the problem of Western users being unable to trade contracts offshore. Anyone who's used CB and Kraken contracts knows how good they are 😂. But the biggest challenge for DEXs is customer acquisition. Frankly, it's still about poaching users from centralized exchanges (CEXs). To truly increase user numbers and achieve effective conversions, it still relies on the CEX's division of labor and industrialized user acquisition system. Perhaps Binance should hire some people from the insurance industry.

That's why things like Mexcl and Lbank have a market.