Hybrid Cryptocurrency Exchange Platforms

Cryptocurrency Industry Before DEX and After DEX

We can classify the cryptocurrency industry into two big eras, that is Before DEX and After DEX (decentralized Exchanges).

Centralized Exchange

If you look back the cryptocurrency industry in 2015 or 2016, you could find that centralized cryptocurrency exchange websites were ruler of the market.

Where as this kind of Centralized exchange will have a central authority (i.e) admin to control the trading activity is know as centralized exchanges. Here the traders have to drop their private keys in a third party cloud storage controlled by the admin, also the traders have partial control over the fund they sent to the admin.

Decentralized Exchange

This website are one step ahead of centralized exchanges, here the traders funds & their personal security is promised. this security is achieved as the website perform only peer to peer trading, without requiring the traders online wallet but their hardware wallet.

WHAT ARE HYBRID CRYPTOCURRENCY EXCHANGES

Hybrid cryptocurrency exchanges are nothing, but the mixture of centralized and decentralized exchange features. Any website which operates as centralized and gives free space for decentralized trading is known as hybrid cryptocurrecny exchanges.

Hybrid cryptocurrency exchanges: Is It Possible?

Ofcourse, it is possible. By integrating both trading features in one website, we can make it. It will give an option for the traders to choose which mode they want to proceed.

Reference : Hybrid cryptocurrency exchange development