Most crypto traders make use of centralized trading platforms, like Binance, Bitmex, Poloniex, Bittrex etc… The hype around these platforms made it appear to most guys in the cryptospace as the only available option, very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.
Obviously centralized trading platforms are easy to use and all that! , but that’s not the best the technology can offer, I believe the future lies in decentralization, with that we can achieve “maximum” security. Personally i trade on a decentralized platform, because i got tired of the issues surrounding the centralized systems.
Trading on any exchange involves huge risks. It does not matter whether the exchange is regulated or decentralized, although the latter does not exist. Exchanges are needed to conclude transactions, safe you money on cold wallets. This is the only way out.
I disagree here. Decentralized exchanges where they store your funds on the blockchain and are open for all to see are ideal I believe. I came across a project called Blockchain Board of Derivatives (BBOD) that does just that. Centralized matching engine paired with a decentralized custody. I think this is a killer combination.
Show Posts
