Category: Centralized Exchange (CEX)

Interview

In the Wake of FTX, Deepwaters Claims its Hybrid Exchange Is the Best of Both the CEX and DEX Worlds

There are two types of cryptocurrency exchanges in the cryptocurrency world; centralized exchanges (CEX) and decentralized exchanges (DEX). Both models have their pros and cons and while at World Economic Forum 2023 in Davos, Switzerland, Blockchain Journal editor-in-chief David Berlind caught up with Dylan Peters and Michael Callahan, the Chief Business Development Officer and Vice President of Marketing at Deepwaters; an exchange that is neither fish nor foul. Deepwaters has some of the operational features of a centralized exchange but unlike most CEXes (and more in DEX-like fashion) never takes control of traders' currencies (fiat or crypto). This hybrid model, according to Peters and Callahan offers crypto traders the best of both worlds (full-text transcript appears below).

World Economic Forum

Centralized Exchange (CEX)

Decentralized Exchange (DEX)

Decentralized Finance (DeFi)

By David Berlind

Published:January 18, 2023

Centralized Exchange (CEX)

Similar to when US dollars are exchanged for euros or British pounds, centralized exchanges (CEX) are marketplaces for exchanging crypto and fiat currencies that function like traditional stock and commodities exchanges. A CEX is usually owned and operated by a centralized entity that typically has some measure of control over every account as well as the transactions those accounts engage in. All transactions on a CEX must be approved by the CEX, which requires all users to place their trust in...

Centralized Exchange (CEX)

Spot Trading

Regardless of the financial instrument that’s being traded (stocks, commodities, bonds, cryptocurrencies, etc.), a spot trade happens when a seller offers an asset for a certain price that buyers are prepared to pay; the resulting transactions are settled (the seller receives payment and the asset is delivered to the buyer) immediately or “on the spot.” A spot trade can also happen in the reverse context where buyers bid for certain assets at certain prices, and holders of those assets accept th...

Decentralized Exchange (DEX)Centralized Exchange (CEX)

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Interview

In the Wake of FTX, Deepwaters Claims its Hybrid Exchange Is the Best of Both the CEX and DEX Worlds

There are two types of cryptocurrency exchanges in the cryptocurrency world; centralized exchanges (CEX) and decentralized exchanges (DEX). Both models have their pros and cons and while at World Econ...

World Economic Forum Centralized Exchange (CEX)Decentralized Exchange (DEX)Decentralized Finance (DeFi)

By David BerlindPublished:January 18, 2023

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