Embrace Rather Than Confront Is the Key to a Win-Win Situation for CEXs and DeFi
The question of whether DeFi will take over CeFi and DEXs replace CEXs keeps lingering in people’s minds, especially since the space has begun to rise so rapidly. Yet, simply observing how CEXs (especially industry-leading CEXs) are responding to the rise of DeFi is a great reference to the development of the industry as a […]
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Security remains a perennial concern for DeFi protocols, but DeFi will still inevitably “grow and flourish,” Bitfinex chief technology officer Paolo Ardoino believes. Despite the rise of decentralized finance (DeFi), cryptocurrency investors appear to be sticking to centralized exchanges (CEXs) over DeFi tools, according to a new report.Crypto investors are more comfortable holding their assets on CEXs because decentralized exchanges are still more vulnerable to the threat of hacks. This is according to a joint report by the blockchain data firm Chainalysis and Bitfinex exchange, issued on....
The limit order functionality is a major tool moving the segment forward, narrowing the gap between options offered by CEXs and DEXs. As decentralized exchanges (DEXs) evolve, their functionalities become more and more advanced, often matching those of centralized exchanges (CEXs). One such functionality is the ability to place limit orders, which offers more flexibility and efficiency to DEX traders. This article looks at the existing limit order features and their prospective implementations. Unlike a market order, which is executed immediately at the last market price with potential....
Orion Protocol recently launched its AMM solution, Orion Pool, powering multiple crypto-related activities from a single user interface. The platform has integrated leading swap pools, DEXs, and CEXs, constructing the first decentralized gateway to the entire cryptocurrency market. A New Age Of Decentralized Finance From One Interface With Bitcoin and other cryptocurrencies on the rise, the blockchain ecosystem is flooded with centralized and decentralized exchanges. As a result, users find it increasingly difficult to manage multiple wallets, monitor price movements, and execute orders....
The crypto dream is to make the exchange of value global and frictionless, but security and scalability concerns are driving constant trade-offs. Back in 2019, an estimated 99% of crypto-asset transfers took place on centralized exchanges (CEXs), according to the number that was used by main crypto critic Nouriel Roubini. CEXs are likely to remain a central fixture of the crypto trading landscape for the foreseeable future. CEXs are fast and convenient, but typically require traders to deposit funds in an account controlled by the exchange. Unfortunately, history illustrates that this loss....
Buying or selling cryptocurrencies usually starts with exchanges or, in other words, digital marketplaces where most crypto trading happens. For example, Binance, a leading centralized exchange (CEX), handles over $24.27 billion in daily volumes. Similarly, UniSwap is the world’s largest decentralized exchange (DEX) with over $7.25 billion in Total Value Locked (TVL). While centralized exchanges now hold market dominance, decentralized exchanges are providing strong competition with rising volumes. And, although both CEXs and DEXs facilitate crypto-transactions, they differ greatly in....