<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/c3c06930-940c-43d2-b368-216b66e4d3e1.jpg"></p><p>DEXes are not securities exchanges argues crypto venture firm Paradigm. </p>