CEX or DEX, that is the question.!

As an enthusiastic cryptocurrency trader, you may have gone through with both Centralized Exchange(CEX)s and Decentralized Exchange(DEX)s. Which type of exchange do you prefer? What feature on the exchange led to your choice?

If you did not choose the type of exchange according to your principles and you are trading just because the exchange is there, you might have to be willing to take the drawbacks that come with CEX or DEX.

As mentioned in the previous post, CEX and DEX have their pros and cons. As can be seen by its long history, CEX offers the most efficient, fast, and easy trading experience. On the other hand, its security is vulnerable and is difficult for users to control their assets. DEX, based on revolutionary ideas in blockchain, solves CEX’s security issues but does not address cross-chain and speed issues. So if you are a CEX user you will run the risk of hacking problems and if you are a DEX user, you may experience some inconvenience with the DEX UI/UX.

Why must we choose only one? Can’t we enjoy the advantages of both exchanges? Nexybit has come up with an answer to this problem. Nexybit has introduced a hybrid solution that combines the strengths of CEX and DEX.

Nexybit presents a hybrid architecture that utilizes the matching engine from CEX for quick transaction as well as cross-chain trading, while a decentralized P2P transaction strengthens security. This hybrid approach addresses the issue of central server hackings of CEX, low liquidity, and slow transaction speed of DEX.

The 6 key features of Nexybit Hybrid Exchange are:

Cross-Chain Support : Supports cross-chain transactions on different blockchain coins, enabling active and flexible coin trading.

: Supports cross-chain transactions on different blockchain coins, enabling active and flexible coin trading. Provides Liquidity : Liquidity integration between CEX and DEX solves DEX ‘s lack of liquidity, enabling customers to trade at the price they want.

: Liquidity integration between CEX and DEX solves DEX ‘s lack of liquidity, enabling customers to trade at the price they want. High Transaction Speed : Centralized order matching system for fast transactions.

: Centralized order matching system for fast transactions. Data Privacy : P2P transactions minimize personal data collection, reducing the risk of information leakage.

: P2P transactions minimize personal data collection, reducing the risk of information leakage. User Controlled Funds : P2P transactions without a custodian of funds in the middle returns financial control to the individual by eliminating the risk of entrusting funds to the exchange.

: P2P transactions without a custodian of funds in the middle returns financial control to the individual by eliminating the risk of entrusting funds to the exchange. No Single Point of Attack: Decentralized architecture minimizes the threat of central server hacking risks.

Traders no longer have to give up convenience for security or give up control of funds for liquidity. Nexybit’s hybrid solution will continue to provide the best environment for trading. And this solution will lead to a revolutionary change in the trading style that the blockchain wanted to realize.

If you wish to know what kind of future we can show you, join Nexybit now!