If i am not missing it, i think a lot of crypto enthusiasts are now beginning to have interest in DEX
No there are also some others who are building a DEX and want to run it with security tokens I think.
Acquiring the needed licenses is tough, building a revolutionary product and make a true DEX is even harder.
Nash is the first mover, and all DEX running are FAKE DEX, last example, BINANCE DEX where you are not allowed to trade the real tokens but only tethers (ETH.B ecc) based on a centralized blockchain owned by binance.
If you build a true decentralized exchange, do you even need a license for that? Nobody can stop it anyway and contributing to its code base shouldn't be illegal or is it?