Crypto exchanges are becoming the new Central Banks, alot of them are based out of small countries with fewer regulations.
Blockchain technologies move fast and its important for these exchanges to move their operations to countries with very little beaurocracy.
" New money" is moving into exchanges and " Old Money" such as Blackrock also "want in" on the profits.
Crypto exchanges will now have the option to offer services that central banks were too slow to offer. They now have the opportunity to become a "voting machine". By this I mean, they can offer different stablecoins from different countries and - people get to choose which currency they want to use, and if a currency gets too powerful and if said country gets too powerful and looks to expand beyond its horizon, the people then get to choose if they want to divest from that currency giving that country less power to carry out its expansionist ambitions. For example if Turkey's currency was offered on an exchange and had a high APR for holding that stablecoin and also helped build infrastructure around the world, then people would invest in it. But if years later it were to create regional conflict, people would most naturally divest from it. Making exchnages the perfect " voting ballots" not just locally but globally. A true free market. Where wealth gets distributed by merit as opposed to just certain "social circles". 

One must understand history in order to avoid - repeating it.