When centralized exchanges venture into offering deposit interest products, they're essentially stepping into traditional banking territory. This shift carries significant implications. The core issue: interest-bearing deposits function like bank deposits, which means exchanges need robust safeguards. Risk management frameworks become critical—capital requirements, reserve ratios, and depositor protection mechanisms all come into play. Without proper prudential regulations, platforms expose users to unnecessary risk. As the sector evolves, there's growing recognition that treating deposits seriously requires treating them like financial institutions do: with rigorous oversight, transparent risk disclosure, and adequate backstops. The question isn't whether centralized platforms can offer these services, but rather what guardrails make sense to protect everyday users in this still-maturing ecosystem.