It’s not centralized though, chase.com is one of many banks. Anybody can create a bank, and a failure in one bank doesn’t propagate to the rest of the market.
Yup, in that sense banks are decentralized in a way..although there is a bank called the "central bank" that creates the base monetary supply, so not sure I totally agree with the comparison..
But yes, I would agree that banks are about as decentralized as crypto exchanges. But that's kind of the point, you shouldn't conflate exchanges (or banks) with the currency itself.
