Centralized and Decentralized Exchanges Binance research

masulum

legendary

Activity: 2324

Merit: 1604

hmph..

Quote from: VeilLein on November 30, 2022, 02:13:26 PM

What if the actual collapse of FTX is because of Binance and this is all planned for months? Can you/we imagine what will happen if Binance go down the same road? :|

The news if CZ binance selling his FTX because it's considered to be the trigger for the destruction of FTX in the market. However, this wasn't the main reason why CZ did it. Many opinions expressed by members of this forum. In their view, CZ took the right way to making everything is fine for his asset,and seeing FTX's business which was on the verge of collapse.

VeilLein

newbie

Activity: 2

Merit: 0

Quote from: tbct_mt2 on November 30, 2022, 09:38:29 AM

Binance tried to expand their service and their customers by launching Peer-to-Peer trading feature on their platform. It was launched in 2019 before a 2020 bull run and even people have to KYC on Binance to use their Peer-to-Peer trading, it is a good service expansion from Binance.

Months later, they launched Gift card trading which brings Binance to more users. They are not pioneer in Gift card trading but they got great success too.

Decentralized exchange are not a new term but I believe that Binance will bring this branch to a new high with their initiative. Bear market and Binance saw opportunity after FTX collapse to make their exchange, their ecosystem bigger.

What if the actual collapse of FTX is because of Binance and this is all planned for months? Can you/we imagine what will happen if Binance go down the same road? :|

tbct_mt2

hero member

Activity: 2366

Merit: 838

Binance tried to expand their service and their customers by launching Peer-to-Peer trading feature on their platform. It was launched in 2019 before a 2020 bull run and even people have to KYC on Binance to use their Peer-to-Peer trading, it is a good service expansion from Binance.

Months later, they launched Gift card trading which brings Binance to more users. They are not pioneer in Gift card trading but they got great success too.

Decentralized exchange are not a new term but I believe that Binance will bring this branch to a new high with their initiative. Bear market and Binance saw opportunity after FTX collapse to make their exchange, their ecosystem bigger.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

Centralized and Decentralized Exchanges
https://research.binance.com/static/pdf/Centralized_and_Decentralized_Exchanges_Comparison.pdf

"There are benefits and drawbacks to both - centralized and decentralized exchanges. At the
end of the day, there is a need and use case for both, and we welcome the recent innovation
in the space. Decentralized exchanges have become a lot more efficient and user-friendly,
while centralized exchanges have improved in terms of KYC and security.
Looking at centralized exchanges, it is important that the industry becomes much more
transparent, in particular so the markets understand the levels of crypto held in custody are
higher than what the exchange owes to its clients. Furthermore, we should continue to
support regulators around the world by engaging and sharing knowledge and expertise.
Going forward, we expect increased adoption of decentralized exchanges and hope to see
further innovation in the space. That being said, centralized exchanges are crucial building
blocks of the current crypto infrastructure and are likely to stay."

Topic: Centralized and Decentralized Exchanges Binance research (Read 81 times)