Launching a hybrid crypto exchange software will offer you the advantages of both centralized and decentralized exchanges. But why is launching a hybrid crypto exchange software more beneficial compared to other crypto exchange models? Let’s break it down!
Centralized exchanges store users’ funds in custodial wallets, which are vulnerable to hacks, whereas hybrid exchanges use non-custodial wallets, allowing users to manage their own funds. In DEX, transactions are slower, but with a hybrid exchange, users can perform faster transactions while also maintaining on-chain transparency.
DEX usually has complex interfaces, but hybrid exchanges offer smooth interfaces like a centralized exchange, which helps new users to easily access the platform. Also, hybrid exchanges are modular, integrate centralized modules like fiat gateways, support desks, and decentralized protocols like cross-chain bridges, liquidity pools.
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