Tags: Centralized Exchanges

Binance Spot Market Share Spiked First Time in Months as BTC Futures Products Rise: CCData

Bullish Sentiment Grows as Centralized Exchanges See Record Outflows in 12 Months

(CoinDesk/CCData)

Decentralized exchange total trading volume (DeFiLlama)

The retail-facing platform uses a noncustodial setup, CEO Philipp Zentner said.

Many market observers expected a surge in the use of decentralized exchanges following the collapse of FTX, but analysts said many DEXs offer a less user-friendly experience than centralized ones.

Investment firm Cherokee Acquisition is offering the options, which will allow account holders to recover 100 of their assets in the event the major exchanges file for bankruptcy and lock customer assets.