Various cryptocurrency exchange types are below.
Classifications of Cryptocurrency exchange sites
1.Centralized Exchange website
2.Decentralized exchange website
3.Hybrid cryptocurrency exchange website
Centralized cryptocurrency Exchange Website : Any cryptocurrency exchange website which has a central authority (i.e) admin to control the trading activity is know as centralized exchanges. In technical terms, This kind of cryptocurrency exchanges will store the traders private key in centralized cloud storage, and the customer will not be able to proceed trading without sending the amounts to the admins control.
Decentralized Cryptocurrency exchange site :This kind of cryptocurrency exchanges will not mediate the trading with the governance of the website admin. Which means the admin has no control over the funds, and the private keys will not be stored in any third party cloud storage. so the trader have to trade cryptos directly from their own hardware wallet.
The above are the major cryptocurrency exchanges types which currently rules the entire network.
Hope you know that the cryptocurrency is having a rough competition among exchange service startups. So to beat the competition exchanges have to be unique.So here comes the importance to derive unique ideology and strategies to upgrade the existing business models.
Hence,Hybrid cryptocurrency exchange site can be structured as next generation cryptocurrency exchange.
Hybrid cryptocurrency exchange site : As the words "hybrid" says, it is a mixture of both centralized and decentralized exchanges. This kind of exchanges will be having a major support of centralized exchange features, and for addition this website will give free space for trader to trade directly from their hardware wallet(decentralized concept). This is upon the traders wish.
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