This platform improves UX by providing CEX users with ENS names

cointelegraph.com:

While cryptocurrencies offer evident benefits like decentralization, borderless transactions at a low cost and unparalleled security, they still have to catch up with traditional payment systems in terms of user experience in order to enjoy the same adoption rate.

Some major crypto exchanges have improved their UX, but the market is still fragmented and difficult to navigate for novice users. Crypto users often have to manage several wallet addresses for each exchange separately.

One of the worst-case scenarios in the space is sending crypto to the wrong address. While most crypto exchanges encourage users to copy the address with a single click, some users may still select the address and miss a letter or digit. The problem is that crypto transactions are irreversible, which is why the funds can be irretrievably lost.

Another problem is that some digital assets, such as stablecoins, are hosted by multiple chains. For example, USDT resides on several blockchain networks, including Ethereum, BNB Smart Chain and Tron, among others. Sending such tokens to the wrong chain by mistake can also lead to the loss of funds.

Every time a crypto user has to send or receive cryptocurrency, they need to double-check the wallet address and may feel stressed until the transaction is finalized. These challenges have to be addressed so that crypto assets can become usable for everyday transactions.

While the crypto market is still fragmented, there are platforms that integrate with most major exchanges to offer an improved user experience and reduce the risk of fund loss. One example is CXID, an open banking system for crypto exchanges. The app enables users of centralized exchanges (CEXs) to transfer crypto assets without having to copy and