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The crypto exchange platform is based on escrow, where a particular fee is collected between the access and exit points
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CENTRALIZED EXCHANGE DEVELOPMENT - OVERVIEW, FEATURES, BENEFITS www.cryptoexchangescript.com
WHAT IS CEX? Centralized Exchange is a platform where transactions are made on Cryptocurrency. The transactions are made between the buyer and seller with an intermediate. The crypto exchange platform is based on escrow, where a particular fee is collected between the access and exit points. Later the collected fees will be directed to a centralized exchange owner.
WHAT IS THE DIFFERENCE BETWEEN CEX vs DEX? CENTRALIZED EXCHANGE PLATFORM A Centralized exchange platform is a profitable crypto exchange website, where you can buy a cryptocurrency by using fiat currency or you can exchange crypto for crypto. The entire transaction will be handled by the admin/escrow of the centralized exchange website. There won't be any private key to access their wallet in this exchange.
DECENTRALIZED EXCHANGE PLATFORM A decentralized exchange is a P2P business model, where a person can buy and sell the crypto without any intermediate. The decentralized exchange platform is quite complicated, as they have plenty of elements like smart contracts, trading terminals, wallets, etc. To know more Decentralized Exchange development
WHY CENTRALIZED EXCHANGE DEVELOPMENT? High liquidity volume : The liquidity in centralized exchanges is more than in Decentralized exchanges. Apparently, starting a centralized exchange will rise huge traffic.
Functionalities : When compared with functionalities, Centralized exchange has more functionalities than decentralized in terms of margin trading, currency pair trading, and lending lot, whereas DEX doesn't provide much. This may improve more users towards centralized exchange.
Trade Volume : As per the research shown, the maximum number of crypto trades happens on centralized platforms. This clearly showcases that the trade volume of CEX is higher than DEX, simultaneously starting a centralized exchange will never make ROI low.
BENEFITS OF CENTRALIZED EXCHANGE • Fast transaction • Cost Effective • Improved business agility • Improved Security • Better fund management • Greater scalability
FEATURES INCLUDED IN CEX • Secure cryptocurrency wallet • Escrow management • Liquidity management • Order matching engine • Admin panel • KYC/AML identification Get an instant quote for Centralized exchange development
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