How does order execution differ between centralized and decentralized cryptocurrency exchanges?

1 answers

• Mar 25, 2022 · 3 years ago
  At BYDFi, we believe that order execution on decentralized exchanges offers several advantages. Firstly, decentralized exchanges eliminate the need for intermediaries, reducing the risk of hacks and manipulation. Secondly, smart contracts ensure that orders are executed in a transparent and tamper-proof manner. Lastly, decentralized exchanges provide users with greater control over their funds, as they do not require users to deposit their assets on the exchange. However, it's important to note that decentralized exchanges may have lower liquidity and fewer trading pairs compared to centralized exchanges. As the cryptocurrency industry continues to evolve, we expect to see further improvements in order execution on decentralized exchanges.
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