Cryptocurrency trading and investments don’t happen in a vacuum- they mostly occur on trading exchanges where buyers are matched with sellers. A cryptocurrency exchange could be centralized (as in, owned by a company), centralized peer-to-peer, or decentralized. The most popular crypto exchanges in the market right now are the centralized exchanges, a function of the fact that they offer a more comfortable user experience than decentralized exchanges. However, in the last couple of months, there has been increased scrutiny on the operations of centralized exchanges and many stakeholders in the cryptocurrency markets are becoming particularly interested in finding out more about decentralized exchanges. This piece provides insights into the real and perceived shortcomings of centralized exchanges and how decentralized exchanges might provide a better alternative. Image Source: Bitcoin News 1. Lack of transparency Last month, news broke that some cryptocurrency exchanges might be doctoring their volume records to attain
Like this article? Take a second to support us on Patreon!