I believe many of us here trade in CEX, while some are on dex as they don't support centralization.. But whether you're supporting or not, CEXs are moving fast in terms of adoption as almost in the blink of an eye...
So, what I think makes an exchange top-tier, firstly strong security measures that protects user funds, and having top notch customer support secondly earning opportunities like Launchpool, PoolX, savings, staking and more, and thirdly, user friendly interface that makes your trading more easier and having powerful trading tools like copy trading, futures and etc. That's my opinion of what I think is to be a good exchange. You guys are free to add or correct me if there are any..
Based on a report by CryptoDep I saw, there are 10 CEX that are most downloaded exchange apps. Binance, Coinbase, Bybit, Bitget and others.
Source link: https://x.com/Crypto_Dep/status/1877345413981708749
Let's talk about some of the exhanges current developments here:
So what do you guys think? Do you think top exchanges with this continuous growth and updates will push more adoption and bring in more people in crypto space? I feel like there's more to it as I have seen unexpected things in crypto that are beyond impossible.
So, what I think makes an exchange top-tier, firstly strong security measures that protects user funds, and having top notch customer support secondly earning opportunities like Launchpool, PoolX, savings, staking and more, and thirdly, user friendly interface that makes your trading more easier and having powerful trading tools like copy trading, futures and etc. That's my opinion of what I think is to be a good exchange. You guys are free to add or correct me if there are any..
Based on a report by CryptoDep I saw, there are 10 CEX that are most downloaded exchange apps. Binance, Coinbase, Bybit, Bitget and others.
Source link: https://x.com/Crypto_Dep/status/1877345413981708749
Let's talk about some of the exhanges current developments here:
- Binance is still top 1, there have been some changes since CZ returned, rebranding of their Binance Labs, They're now expanding investments beyond crypto into AI and biotech, signaling a broader focus. Recently, they've also been making moves like delisting certain tokens, such as WRX, following security concerns and regulatory scrutiny. Even though they got a lot of criticism for listing memecoins such as ACt, PNUT and others.
- Coinbase shares are off to a strong start this year as the cryptocurrency exchange continues to benefit from optimism that the incoming Trump administration. But the SEC is scrutinizing Coinbase's crypto asset accounting practices, especially after addressing similar issues with competitors.
- Bybit has strengthened its position in the crypto derivatives market, contributing to the sector's growth. They've introduced transformative products like bbSOL, the LST token on its Web3 staking platform.
- Bitget is not just top4 downloaded app but also ranks 3rd in crypto derivatives market. They recently secured a partnership with LALIGA, aiming to boost Web3 adoption across key markets. They've also set new standards in pre-market trading with record trading volume and global reach.
So what do you guys think? Do you think top exchanges with this continuous growth and updates will push more adoption and bring in more people in crypto space? I feel like there's more to it as I have seen unexpected things in crypto that are beyond impossible.