There is a drive in the cryptocurrency space to make everything open, decentralized, and free. This is truly great. The list of things that should fall into these categories is long, although the current list is short. As developers by trade, we love using and supporting open source projects. They provide a powerful set of tools that anyone can leverage to help make your personal and professional life easier.

It’s unfortunate when people start to frown upon anything that isn’t decentralized. The truth is not everything can be decentralized. Not everything can be completely open source. This may be the case in the distant future, but for now progress requires a degree of centralization to push the market forward. Consider Coinbase or Binance, two of the most well-known and reputable crypto businesses. Without these companies, the crypto space would not be where it is today. The market would be a sad state of affairs.

We should embrace centralization when it moves the industry forward. Progress will bring about the change we need to see. Down the road, decentralization of these centralized services will happen. It’s just not possible yet. In an industry where the buzzwords are around decentralization and distributed networks, we must take a step back and evaluate the true costs and benefits of doing so.

When it comes to financial services, features such as trading, order execution, and portfolio management absolutely require a degree of centralization to work properly. Developing a decentralized and distributed infrastructure from the ground up will be extremely complex and time-consuming. Non-localized network speeds are inadequate for real-time trading and won’t solve the major problems that application developers encounter.

Shrimpy’s Universal Crypto Exchange API is the solution for driving innovation in a decentralized economy. By making it easy to build 3rd-party trading platforms, Shrimpy is able to facilitate developers in the market to create new and groundbreaking crypto trading products that will help push the space forward