Centralized exchanges (CEXs), like Binance, Coinbase, and Kraken, were pivotal to the mainstream success of cryptocurrencies as they allow users to easily buy and sell digital assets without needing any third-part. They serve as market makers providing liquidity for users. Unfortunately, the collapse of a leading platform, FTX, unraveled flaws in the centralized exchanges, including their lack of transparency, regulation, and privacy among others.
With decentralized exchanges failing to bridge the gap created by CEX, the hybrid exchange model has emerged as the future of crypto trading. Experts have identified a promising Ethereum-based hybrid exchange that they believe has the potential to be a front-runner in the challenge of the dominance of centralized exchanges.
The Troubles of Top Centralized Exchanges Worsen
While many centralized exchanges have adopted measures to fix the transparency issue that the collapse of FTX made glaring, there has been a growing distrust and scrutiny in these kinds of exchanges. This has led to many traders and cryptocurrency users leaving centralized exchanges like Binance and Coinbase.
As a result of the increased scrutiny, many top centralized exchanges have been hit with lawsuits for misconduct and breach of services by regulators in different countries. In the last two days, Coinbase and Binance have been handed lawsuits by the Securities and Exchange Commission, worsening the case of centralized exchanges.
Hybrid Exchanges Solve the Problems of Centralized Exchanges
Hybrid exchanges are the middle ground between CEXs and DEXs. As a result, they combine the best features of CEXs – ease of use, functionality, and liquidity – with those of DEXs – privacy and security. This means hybrid exchanges effectively solve the problems plaguing CEXs.
Widely regarded as the future of cryptocurrency trading, hybrid exchanges are beginning to emerge as the replacement for CEXs. One of the hybrid exchanges experts are backing to be the frontrunner of this revolution is the Ethereum-based Tradecurve.
Experts believe Tradecurve can challenge the likes of Binance, Kraken, and Coinbase because, in addition to its hybrid model, the platform has extra features lacking in CEXs. Tradecurve is the first hybrid exchange that will allow users to trade assets from the global financial market including forex, CMDs, options, stocks, ETFs, and more. Advanced features like negative balance protection and algorithmic trading present on Tradecurve are also lacking in current centralized exchanges.
By allowing traders to access all these markets from one account, experts believe Tradecurve stands the chance to attract more traders than the likes of Binance and Kraken. In addition, the high liquidity of the markets where Tradecurve will operate could be significantly more than what is processed on centralized crypto exchanges.
By making trading multiple assets seamless, the Ethereum-based hybrid exchange stands a chance of challenging the frontrunners in the crypto exchange space. The hype behind Tradecurve has translated into its presale where the project has sold millions of tokens on the road to $20 million for the launch of the platform. You can join the growing number of investors backing Tradecurve as the utility token of the network, TCRV now sells for $0.015.
Learn more about Tradecurve and the TCRV cryptocurrency below:
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