Topic: Next-GenTrading Platforms: The Ultimate of DEX and CEX (Read 235 times)

That’s my thought too , regardless of hacks on cex . Good ones with liquidity makes trading not only easy but assets quite accessible. Some of their features too like copy trading & p2p makes them stand out

In short, it's clear that you're emphasizing that CeX and DEX can't really be the same, something that I also agree with and have some truth to. But I also can't say that my Cex and Dex are useless because they also help me at other times.

Although I've been in this industry for a few years, when it comes to exchanging crypto with our fiat currency, I use CEX to make it happen via p2p features that Cex has, like Binance, to our local exchange in the country where I'm located. Because I'm not sure if there is p2p that can be used on the Dex platform, is there?

Actually I don't know what you mean.
It's just that currently even some CEXs can function like DEXs. For example, Binance and Mexc can carry out swap transactions directly from our personal wallet without having to send them first from our Wallet to CEX. This can be done in the swap feature on Trustwallet or Safepal.

But I'm curious about what you mean OP. Can you explain it or tell us?

edit: ah sorry, looks like someone already mentioned the answer 

If they have tried both individually and don't mind having the features being combined, yeah but for those who only prefer one model, maybe they will not use this platform. For them to reduce a disadvantage of a platform, they can improve their services more.

It's important so that they can retain their consumers, as there are lots of new crypto exchanges coming out. Many of them offers something revolutionary because this is the only way for them to get noticed by the public. A centralized exchange may have a high liquidity but when it comes to withdrawals, there can be delays because it will still be audited if there are no frauds going on.

The user can benefit from the advantages of both and reduce the disadvantages according to his knowledge of trading and the amount of data that he would like to provide, as he should try to reduce this data to the minimum possible.
You can use CEX when you want to withdraw quickly and with high liquidity, with features such as speed of trading, executing orders, and obtaining a fair price in trading, while DEX is good when you are not in a hurry to buy, sell, or transfer cash. CEX can be used as it does not require identity verification, or at least it is tolerant and has good withdrawal limits.

That's true buddy, yeah there are and I've been introduced to one(bitgetswap) by a contributor here. I've been exploring the functions and I'm satisfied with their cross chain swap feature.

Not that, Op doesn't want a DEX version of a central exchange, he wants a hybrid exchange that combines DEX and CEX together in one exchange, I don't expect there is anything like this at the moment. DEX and CEX differ from each other in many theoretical and technical details.

But there are some central exchanges that provide services similar to DEX, such as a swap with instant liquidity, where you can swap any Coin you want while providing instant liquidity. You can also participate in the liquidity pool and obtain a daily or monthly return.

I'm pretty sure some banks also quite servicing one or two countries when the regulations are no longer friendly to them. Especially if they are not based in that country, to begin with. While it is harder for them to completely move from one country to another, I'm pretty sure regulation is the key reason for that. I would not be surprised if exchanges will also have the same problem sooner or later.

At the end of the day, moving to a hybrid platform won't remove the risk that the platform will control your funds. I believe if security and control are your priority, any kind of CEX or hybrid CEX is not an ideal choice.

Frankly speaking, most people usually downplay the importance of centralized exchanges. You actually pinpointed some the significant pros of centralized exchanges.

What if they are developing their own system, is it wrong if it's open source and you can utilize it as well with full transparency although you are paying for the services you are using from them, and that is how all the businesses work? So you can develop your own Blockchain if you don't want to pay them, whether you prefer using the Bitcoin network, ETh network, or BSC you have to pay network fees.

CEX made a huge contribution to developing the systems in the crypto industry in my above post I have already mentioned that mass adoption is the result of their marketing strategy. The ho DAPPs concept is based on the CEX's developed systems & features, most of the innovations are sponsored or fully innovated by the CEX. No need to be a fanboy of DEX's do credit their contribution at least.

No noo.. Banks cant do it, and banks really cant bear the pressure of the establishment and state policies, But CEXs can as they offer their services worldwide so they don't accept much pressure from the state if a state is enforcing them with their terms they can simply quit their service there but Banks cant quit they will compromise as their Bussnies domain is the state specifically with some exceptions but Banks really cant, giving benefit of the doubt if they can why they are not doing so.

Buddy, it's not that simple.

I am afraid that a classic DEX cannot be used in the near future if you have to provide proof of origin for the sale of your cryptos against FIAT - as is the case for example with European exchanges like Bitpanda, or all exchanges that will be subject to MiCa.

It is much more difficult to prove the origin of the coins via a DEX, because it cannot be guaranteed where the seller got his coins from.
This is no longer the case with exchanges, since the exchange must ensure that no coins are sold from "dubious" sources.

So if you want to exchange your coins against FIAT in the near future, I would personally be very cautious about using DEX.

Can you mention any contribution of these central platforms to the development of any open source code? We have Binance and Coinbase. Do they have any developers working for free to develop open source software or to develop their own systems? If that is true, why did they create BSC?

There are many positive points that you can mention about central platforms, such as providing liquidity and the ability to trade, all of which would end if a truly decentralized platform was created between cryptocurrencies, and only their work would remain as gateways for converting into cash (banks can do this).

The user spams using terms, but the TSP platform is not revolutionary, and if you read the comments in that topic, you will find that it is just a new project trying to use flashy words.

Why though? Orderbooks are far more efficient than automated market makers(AMMs). The advantage of AMMs is that you wouldn't need to deposit funds on a centralized platform, so why would you have an AMM on a CEX if orderbooks are far superior? It really just doesn't mix.

You've said it all. Cex is important as dex. And we as traders need both. ✍️

Hey mate, it's highly likely, and based on the suggestions I'm seeing here, I believe I've found what I'm looking for. According to Bigbos, bitgetswap has all the features I need. I'll be sure to share a review about it soon.

Really. I don't think so I would like to make you familiar with the contribution of CEX in this industry, Most people prefer centralization, Just a reminder, so moving onto the topic dear fellow, centralized exchanges played a much significant role in the crypto industry marketing and revolutionization. Even most of people are familiar with Bitcoin due to the crypto exchanges' market strategies and their campaigns. CEX's spends a lot of money on the market, indtiducing new features and Fund the onchain top leading projects develpemtn which greatly support the whole crypot ecosytem.CEX's fights back on the behalf of community for the industry regulation (Even their own goals are also included within it).

Not CEX fan but we need to appreciate their efforts, and give them full credit of what they did for us, DEX's are good custodial a lot of emrits better experience still most people dotn trust the DEX protocols and they prefer the centralized exch ages for their smooth trading. DEX's are evolving and filling their space and CEX's are well established ones. If CEX has merits DEX do own as well and CEX has their significant issues on the same time DEX as well are not free of room for the development.

Maybe what you're talking about is the concept of this kind of exchange? https://bitcointalksearch.org/topic/tspexchange-perpetual-test-version-10-a-new-era-of-transparent-exchangetex-5460187
I still can't imagine whether it will work well and sustainably, the problem is that centralized and decentralized are opposites based on the benefits.
Or do you mean that these two types belong to the same exchange but are separate in their application as Binance used to have a DEX version of the exchange?

It is possible to combine the advantages of dex and cex but it will be costly to create this kind of hybrid exchange due to its complexity. However, the more complex structure a platform has the more expensive it will be to maintain security. There are already some popular exchanges out there so it will be hard to make a position in the market. The most challenging part will be getting enough funding. You need to assure investors that they will be profitable within a few years of service from the exchange. The idea isn't bad but the probability of creating such a thing is challenging.

Thanks for the suggestion, mate. From first impressions, I think they've got exactly what I'm looking for – cross-chain swap feature with deep liquidity, etc. I'll explore it.

I think I know what you're talking about, hybridising exchanges, where you have access to a DEX through a CEX, like the Bitget wallet that got upgraded from Bitkeep and also Binance wallet. It often helps to protect against theft while providing anonymity.

It's a development that can protect us from scammers, because my wallet has once been wiped before while trying to participate in a fake airdrop, if it was this I'm sure it wouldn't have happened.