Centralized exchange is criticized on several fronts, most notably user experience. As much as we love centralize exchanges, they have a lot to work on to become fully functional and to match the ease of use of decentralize exchanges. As a matter of fact, centralize exchanges are handicapping in the trading process. They are built on top of blockchain but do not leverage it fully. The centralized exchange has all the drawbacks of decentralize exchange. But with additional risks, such as weak security and a high failure rate. This blog looks at the drawbacks of centralize exchanges and why decentralize exchanges are a better option.
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