Phemex, a leading CEX that prioritizes security has announced that it is considering transitioning from a centralized exchange platform into a hybrid exchange platform like Tradecurve.io which will combine the best features of CEXs and DEXs.


Phemex Could Ditch the Centralized Exchange Model


Phemex, one of the top 20 cryptocurrency exchanges by trading volume, facilitating more than $5 billion in daily trades, is considering leaving the centralized exchange model which has been the subject of regulatory scrutiny.

The Singapore-based centralized exchange with more than 5 million users focuses on safe transactions. The growing lack of trust in the industry fueled by the recent collapse of several CEXs is the reason behind the exchange’s decision to leave the CEX model.


Hybrid, Not Decentralized Exchanges Hold the Most Promise


In the immediate aftermath of the collapse of FTX, many traders migrated to decentralized exchanges. However, they were met with several challenges, including lower liquidity levels and insufficient security.

Stella Chan, the CMO of Phemex explained that she believes that by combining the best features of centralized and decentralized exchanges – what we know as a hybrid exchange – Phemex can enhance transparency, accountability, security, and community involvement.

By migrating to a hybrid exchange model, Phemex hopes to overcome its current limitations, while adding the benefits of a DEX, including a DAO for decentralized governance of the exchange.

While there’s a consensus by many that the hybrid model is the way to go, many established CEXs have not taken the decision to migrate, with Binance arguing that the current blockchain throughput limits Binance becoming a hybrid exchange. Phemex is one of the biggest CEXs to make the decision to migrate to the hybrid model.


Hybrid Exchanges are the Future of Crypto Exchanges.


According to Stella, hybrid exchanges are the future of crypto exchange development.

Tradecurve is one of the most-anticipated hybrid exchanges, because of its all-inclusive platform where users will be able to trade cryptocurrencies, stocks, forex, and commodities on a single account.

Owing to its DeFi capabilities users on the platform will be able to begin trading by registering their email address and connecting their wallet (No KYC). All assets traded on the platform are owned by the traders and they control their own private keys, unlike centralized exchanges. Other unique benefits of the platform include Proof of Reserve (PoR) protocols, 500:1 leverage and negative balance protection.

This global permissionless platform will attract traders from across the globe. As traders use their crypto as collateral to trade these assets the platform will have access to institutional level liquidity.

With all these benefits, Tradecurve has attracted huge interest from crypto enthusiasts believing this trading platform will be able to challenge the established players of Binance, Coinbase and Kraken. Tradecurve’s utility token TCRV is available to purchase for an entry price of $0.01 per token. However the price is already expected to increase as the first stage of the presale is due to sell out. With experts saying that they expect at least 800% growth in the price of the token, now could be good to add some TCRV to your portfolio.

Buy presale: https://app.tradecurve.io/sign-up

Website: https://tradecurve.io/

Twitter: https://twitter.com/Tradecurveapp

Telegram: https://t.me/tradecurve_official