Centralized vs Decentralized Exchanges: Which One to Develop?
When choosing between a centralized exchange (CEX) and a decentralized exchange (DEX) for development, understanding the core differences is crucial. Centralized exchanges offer high liquidity, user-friendly interfaces, and faster transactions, making them ideal for mainstream users and institutional investors. However, they involve third-party control, raising concerns around data privacy and security. On the other hand, decentralized exchanges operate on blockchain protocols like Ethereum and Binance Smart Chain, giving users full control of their assets through smart contracts. While DEXs promote transparency and eliminate intermediaries, they often face scalability issues and lower liquidity. The decision to develop a CEX or DEX should align with your business goals, target audience, compliance requirements, and long-term vision for user autonomy. Evaluate your priorities in terms of control, cost, scalability, and user trust before making the call.
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