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Centralized Exchange (CEX) vs. Decentralized Exchange (DEX): What’s the Difference?

 Decentralized exchanges are growing in popularity as a non-custodial way to trade assets without the need for a middleman. If you are considering buying or selling crypto, your first port of call will probably be an exchange. These are the digital marketplaces where most crypto trading takes place. You have probably heard of a few: Binance, Kraken, Uniswap and so on. Most are centralized and use a business model similar to traditional institutions like the New York Stock Exchange. But a growing number are decentralized and radically rethinking how exchanges can work. Here, we explain the pros and cons of each type. Decentralized exchanges (DEXs) have been emerging over the last five years to challenge incumbent centralized exchanges (CEXs). In brief, DEXs aim to offer lower transaction fees, let users directly hold their own assets and avoid some regulatory burdens. On the other hand, they face the cost of compensating their liquidity providers for a special kind of risk called “i...
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Develop A next-gen DEX Platform on Cardano And Race Ahead In The Crypto Space!

Every app built on the blockchain platform today boasts of being decentralized. So, it is not surprising that crypto exchanges also want to jump on the bandwagon, and many are on track to launch their decentralized exchange (DEX), where there are no middlemen, traders exchanging tokens with each other. Digging this concept in detail, automation processes like creation & execution of proxy tokens, asset creation, decentralized multi-signature escrow system, payment gateway integration, quick notification, and more are well established in the DEX ecosystem. The Top 10 Cardano-based Dex Platforms are:\ AdaSwap DOEX MuesliSwap DEX Cardax SundaeSwap ADAX ErgoDEX Ardana Minswap Matrixswap How to start a DEX trading platform? Just follow the basic steps as mentioned below, thereby you will get a clear-cut idea about how to start a DEX-like trading website. Approach the best developer team who is an expert in coding & blockchain to build an advanced decentralized exchange website. Purc...
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Decentralized P2P Betting Exchange will Skyrocket in Mid-2022: Know How?

Aver, a decentralized peer-to-peer betting exchange built on the Solana blockchain, has raised $7.5 million in seed funding, the betting and crypto platform announced on Monday. Aver bills itself as “the world’s first fully-decentralized Web3 betting platform.” The round was led by Jump Crypto which, along with its affiliate Jump Capital, is “a key player in both the crypto and sports betting venture capital domain,” according to a press statement announcing the seed funding. “At Jump, we are excited about the future of Web3, sports betting, and the confluence of these two areas,” said Peter Johnson, Partner at Jump Crypto. “We believe Aver’s approach to decentralized sports betting can increase transparency, reduce costs, and enable operations at a global scale.” The seed round will be used to help bring the betting platform to market, as well as to fund development legal regulatory operating costs, explains Aver. The platform expects to launch “in mid-2022,” after a closed beta in th...
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Ravendex - A Cardano Based DEX Introduces Staking and Launchpad

The crypto market has been bearish for the past few days and Investors have cut most cryptocurrencies including Bitcoin from their portfolios to avoid volatile assets while considering the low side of global markets due to the hawkish Federal Reserve, expecting higher interest rates. The Cardano roadmap is currently focusing on several updates to optimize and scale the network, hoping to achieve faster transactions and adopt the layer 2 Hydra solution, as its partner company Input Output just announced a promising scaling update that is supposed to increase Plutus script memory units per transaction to 12,5 million. About Ravendex Ravendex is on a mission to build and develop cutting-edge De-Fi Tailored solutions and also a decentralized exchange on Cardano Blockchain. Read more: https://www.digitaljournal.com/pr/cardano-based-decentralized-exchange-ravendex-readies-for-staking-launchpad-platform-release-2#ixzz7JABRQlL9 Why Build A Decentralized Exchange? A decentralized Exchange treat...
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Centralized Exchanges Losses Market As DEX Becomes More Accesssible

 Centralized Exchanges May Lose More Market Share As Decentralized Exchanges Become More Accessible in the crypto world. Your friend has convinced you to start investing a chunk of your salary in blue-chip cryptocurrencies. But how do you go about it? Should you use Uniswap or Binance? On a more fundamental level, should you use a Centralized Exchange (CEX) or a Decentralized Exchange (DEX) to buy Bitcoin or Ether? You may be advised to proceed with a CEX because it is easy. However, a greater revolution awaits DEXs' widespread adoption. DEX v. CEX: A Fair Comparison There is no denying that CEXs are user-friendly, cheaper, and perhaps even quicker than DEXs. However, using CEXs involves a major compromise - ownership! Unlike DEXs, CEXs do not allow users to retain complete custody of their assets, given the fact that there is a third party necessary to execute the trade. With a DEX, however, the custody of the asset, that is, the ownership, is retained by the user throughout the e...
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