Topic: many CEXs faces strongest regulatory pressure, will you use CEXs/DEXs/TEXs? (Read 412 times)

I completely agree with your perspective. Currently, the data indicates that most users still prefer using centralized exchanges (CEX) due to their low entry barriers, convenience, simplicity, and high liquidity—issues that decentralized exchanges (DEX) have not yet resolved.

This is precisely the pain point and opportunity we have identified and why we have launched the Transparent Exchange (TEX). It retains the secure, transparent, and decentralized characteristics of DEXs while addressing the issue of insufficient liquidity through liquidity aggregation. Moreover, by utilizing the ERC-4337 account abstraction technology proposed by Vitalik Buterin, we enhance the user experience. With just one app, users can trade conveniently anytime, anywhere. The app's Beta version is currently in internal testing, and those interested can contact me to apply for participation. A web version will also be coming soon.

Indeed, TEX (Transparent Exchange) will only truly attract users from CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) if they effectively meet user needs and address their current pain points. Below are some new changes that TEX brings to users:

Enhanced User Experience and Liquidity:

1. TEX addresses the issues of user experience and liquidity found in DEX by adopting the ERC-4337 account abstraction technology proposed by Ethereum's founder, Vitalik Buterin. From registration and login to trading and withdrawing assets, it adopts a trading experience similar to CEX's.

2. Guardians Setup.TEX has set up guardians, allowing users to securely reset their accounts in cases where they forget their account passwords or lose their mnemonic phrases.

3. Security Transparency.TEX resolves the opaque security issues present in CEX. In TEX, assets are self-custodied by the users, and all transactions are recorded on-chain. Users can view the on-chain records through the hash, ensuring absolute transparency.

4. Mobile Trading. Users can download the app and trade anytime, anywhere, offering convenience and quick access.

Currently, the APP Beta has been launched and is in a small-scale invitation testing phase. If you are interested, you can download it for testing.

Test link: https://www.tsp.exchange/Download_app.html

Let me start by saying that I only know DEX and CEX, but TEX is alien to me in cryptocurrency dealings. Regardless, I will continue to use CEX which is against the advice of everyone, I have my own mind and decisions to make. I will only continue to be careful with them and be smart with trusting my assets in their custody.

I believe many who would condemn CEX are using it, but I don't pretend. This is actually the arrangement that best suits my trading and exchange experiences, not DEX which is not much liquid and might depend on a certain waiting time. But CEX is fast, convenient and readily available, it's such an arrangement that has a lot of businesses built around it that anyone could transact easily and swiftly without hassles.

I used to use cexes only, then the need arose to trade tokens that were unlisted on cexes, so I started using dexes.

Back then cexes didn't require kyc or even if they did there were few btc daily withdrawals available freely. Now, kyc is mandatory on most, while dexes don't require any kyc and liquidity has also significantly increased during recent times, so dexes are meeting my demands right now.

Unless TEXes bring something new to the table and I have need for same, I won'be migrating.

Testing out http://Tsp.exchange App Beta 🧪

#decentralized exchange

Smooth sign-up & login, just like a centralized exchange! 💻

#AccountAbstraction technology = user convenience

https://x.com/Tsp_exchange/status/1717470852961443937?s=20

🌟 We're revolutionizing the DEX user experience at Tsp.exchange:

1. Email/phone registration - no wallet keys needed!
2. Aggregated liquidity for high trading depth.
3. User-friendly UI/UX, just like centralized exchanges.
4. Lost account? ERC-4337 technology has you covered.

🚀 Join our first testing round on Discord!

https://discord.com/invite/yu7a6SDfwM

Update
Today, I'm excited to delve into how http://Tsp.exchange Perpetual Version 1.0 operates.
https://twitter.com/Tsp_exchange/status/1668453754985693184

Update
The SEC is making waves with lawsuits against #Binance📷 and #Coinbase, but the #crypto world is far from over. Could #Tsp.exchange lead the way in a regulated market?

https://blockpartners.wordpress.com/2023/06/09/as-sec-targets-binance-and-coinbase-can-tsp-exchange-pave-the-way-forward/

Update
From DEX to TEX: Is it the Superior Type of Exchange?

https://tspexchange.blogspot.com/2023/05/from-dex-to-tex-is-it-superior-type-of.html

Update
Understanding Tsp.exchange in Three Minutes: Addressing Pain Points and Building a Centralized Trading Experience with TEXs
https://tspexchange.blogspot.com/2023/05/understanding-tspexchange-in-three.html

Update
Exciting News! http://Tsp.exchange Perpetual Version 1.0 Beta is about to launch! We're entering the internal testing phase for our new platform.
#Tspexchange #Perpetual  #BetaTesting #TEX #CEX #DEX

https://twitter.com/Tsp_exchange/status/1660842301441343489?s=20

Update:
Emerging as the Solution: Transparent Exchange (TEX) in the Midst of Regulatory Challenges
https://medium.com/@Tsp_Exchange/emerging-as-the-solution-transparent-exchange-tex-in-the-midst-of-regulatory-challenges-b9d4615e7692

With #Binance Withdraws from #Canadian Market Due to New Regulations.

In the journey towards regulatory compliance, #transparency is the key.

Transparent Exchange(TEX) emerging as the solution.

#TEX #Tspexchange #CryptoRegulation #CEX #Dex

Decentralized exchange are the new waves, Transparency exchange are still far from getting market recognitions maybe as decentralized exchange get more popular than people will pick interest in TEXs. For now the fight is between Cexs and Dexs. To support your statement, take a look at the market lately, there's no signs of another strong cex been launched unlike previous market cycle when we saw big contenders like Binance get launched in 2017 and FTX launched in 2019. This time around Dex are the exchange getting more attention as more are getting launched regularly.

Since the trend of decentralized finance (Defi) becoming popular, decentralized exchange has been getting patronized and this will continue as the years goes by. The fed aren't helping the centralized exchanges which is good news since more attention will be moving toward Dex to improve the Dex sector and maybe one day we can get huge volume regularly on the Dexs and not just short term volume (like during the peak of Defi hype). If Dex starts getting regular massive volume obviously more features will be developed to make the Dex sector more conducive.

To be honest, I have never heard about Transparency exchanges before, thanks for this new information, I truly appreciate it. Furthermore, Decentralized exchanges are developing slowly but surely, I have noticed that a plenty of traders started using them instead of CEXs for the reason they offer multiple advantages such as no third party needed when the users would like to send their assets, also the funds are controlled by users, No KYC verification provided. Plus, more security and safety than Centralized exchanges. In fact, there are some cons that should be fixed. Unfortunately, the tech support is not existed yet, probably the beginners would find difficulties while using them, also their platforms are not simple to use. Otherwise, it is certain that the crypto trading volume in DEX’s exchanges will increase hugely in the near future meanwhile the CEX’s will totally drop. Possibly the era of centralized exchanges is ending soon. We will see.

update:
https://twitter.com/Tsp_exchange/status/1658010606266626049?s=20

📢 Introducing http://Tsp.exchange's target user groups! We cater to five major categories. Join us now and experience a seamless trading experience tailored to your needs! #TspExchange #trading #TEX

update
https://twitter.com/Tsp_exchange/status/1654437576336609280

Discover the unbeatable advantages of trading on http://Tsp.exchange today!

Don't miss out on the future of trading!
#Tspexchange #DecentralizedExchange #CryptoTrading #DeFi #DEX #CEX #TEX

I use Byte Exchange which deserves review. It has technology and infrastructure to provide "minimum necessity of Trust".
"People shouldn't even has to rely on their exchange platform to trade cryptocurrencies" is the motto of Byte Exchange.

Should read this topic:
https://bitcointalksearch.org/topic/bytedex-ecosystem-byte-exchange-5424978

https://exchange.bytedex.io/

https://bytedex.io/en/

There are other options than asking then to trust centralized exchange that can be hacked and all funds get lost. It does matter the centralized exchanges you suggest, all aren't to be trusted. You should be your own bank and you can use multiple personal wallets if you don't feel comfortable storing all your coins in one wallet. You can make use of Electrum, Metamask and any of the best hardware wallets available (haven't used this so don't have any suggestions).

Running away from a problem won't solve it, we learn from experience so it's best they start using their personal wallets now so any mistakes they make wouldn't be that expensive than when they make same mistakes in the future and it cost them more loses. They might use those three centralized and they all get some issues that make their funds not available to them. In the last two years more than 3 exchange collapse including FTX. So that means if they were holding funds on those collapse exchanges, they would had lost it all. Centralized exchange aren't wallets and shoudn't be used for holding of coins.

Untrue, on pancakeswap you can exchange any token to any token. Bnb chain may be centralized but nonetheless pancakeswap uses smart contracts to make a trade without handling custody of your funds to anybody, which makes it dex.

Experience the best https://tsp.exchange that combines the convenience of #CEX  with the security of #DEXs

Revolutionizing Crypto Trading: Tsp.exchange Combines the Best of CEX and DEX
https://medium.com/@Tsp_Exchange/revolutionizing-crypto-trading-tsp-exchange-combines-the-best-of-cex-and-dex-108aadec02db