Cryptocurrency adoption has increased significantly over the past couple of years. Among all the other trends in the crypto space, trading has been the main focus of the industry. Cryptocurrency exchanges play a crucial role in the mass adoption of virtual currencies as they bring digital currencies closer to investors. Exchanges make it easier for investors and traders to interact with digital currencies while allowing them to make profits from the price fluctuations.
At present, two different types of exchanges – centralized exchanges (CEXs) and decentralized exchanges (DEXs) are available for Investors to trade cryptocurrencies. While centralized exchanges work more like online brokerage firms, decentralized exchanges take a different approach by including liquidity pools and automated market-making. Even though CEXs are more popular in the industry, based on a report published by Chainalysis, the number of DEXs between Q1 2019 to Q3 2021 has increased significantly by more than
SEC signals a hands-off approach to ‘crypto’
The SEC acknowledged the growing demand to regulate digital assets among regulators but stopped short of saying the…
