Why to start centralized Exchanges ?
Posted by bitdeal on July 27th, 2022
Reasons for choosing Centralized Exchanges
The key reasons why we still supports for centralized exchanges over decentralized one are as follows :
1 . Trade Volume
Researches shows that still 99 % of crypto trade happens on centralized platforms . This shows that the trade volume of CEX over DEX is higher and starting a centralized exchange will never make for low ROI.
2 . Liquidity
As centralized prevails in market for a longer time than decentralized one , the liquidity of centralized exchanges are more than DEX . Thus , starting a centralized exchange at this time will make high traffic.
3 . Fiat Currency Support
Some centralized exchanges supports for the exchange of fiat currency which DEX will not do .This may increase the traders volume , who has fiat currency and willingness to buy/trade cryptocurrency .
4 . Functionalities
CEX has more functionalities than DEX such as margin trading , currency pair trading , lending and lot more which DEX doesnot provide . This may increase users towards your exchanges.
5 . Legal and Regulation
CEX can be made legal and regulated by the government and most of the existing CEX are regulated . Governments are unable to interfere for regulatory and legality of DEX because of its distributed nature .
How to start centralized Exchanges ?
I think now you are clear why to start Centralized Exchange and not DEX . Isn't It ? . Well . Now let us look at the steps to start centralized exchange .
Exchange Scripts are the back-end codings that makes exchange work well . If you are techie at programming , you can code on your own to start a centralized exchange .Another way is to contact an exchange script provider who can help you with centralized exchange scripts to start your exchange business
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