FTX Meltdown - Triggering The Need For More and Adoption Rates Of Decentralised Crypto Exchanges.

17 Nov 2022, 12:32

🗣 FTX Meltdown - Triggering The Need For More and Adoption Rates Of Decentralised Crypto Exchanges 💫 FTX - a centralized crypto exchange breakdown has arguably reminded us of the need to shift away from the centralized structure of crypto exchanges. That's where decentralized exchanges come in, serving as an alternative to solving the challenges with centralized crypto exchanges and markets. In a recent tweet by Jonah Van Bourg - the Cumberland's Head of Trading emphasized the need why the crypto market structure needed to mirror foreign exchange markets whose assets and capital aren't on centralized exchanges. He emphasized further that digital assets should reside in infinite silos around the world, while the roles of custody, settlement, lending, and most importantly liquidity should be offered by an array of intermediary nodes and providers in an interconnected but non-interdependent web. More below 👇

Same news in other sources

DiamondDMD #959

17 Nov 2022, 12:41

Unlike centralized exchanges, decentralized exchanges aren't custodial - users are always in control of their private keys on decentralized exchange platforms. Hence the need for more and more adoption rates of decentralised crypto exchanges. Read👇

Unlike centralized exchanges, decentralized exchanges aren't custodial - users are always in control of their private keys on de