Why did we start by only informing trades on CEXs?
The tldr is that it's for safety, security & liquidity. Additionally, it's where the market is (and will be in the future).
Enhanced due diligence: Listed tokens on CEXs have undergone a rigorous vetting process, providing an additional layer of security and trust.
Superior liquidity: CEXs offer significantly higher liquidity compared to on-chain trading, ensuring more efficient order execution and reduced slippage.
Non-custodial: We don't handle anyone's money, we just provide insights.
Robust security measures: CEXs implement advanced security features such as IP whitelisting, granular permissions, and multi-factor authentication, creating a secure trading environment for users.
Lower transaction fees: Lower transaction fees on CEXs make trading more accessible and cost-effective for users, although the emergence of Layer 2 solutions presents exciting opportunities for further optimisation.
Wider access: By leveraging CEXs, we enable a wider audience, including traditional finance (TradFi) users, to gain exposure to crypto trading without the complexities of setting up smart wallets or navigating on-chain protocols.
"The key entry point into Web3 is through a centralized exchange, as these platforms are currently the primary rails of connecting Web3 with the rest of the economy. Web3 will for the most part be driven by the ability of the exchanges to educate and harness users to the breadth of products offered in the Web3 ecosystem." Coinbase International Survey on Web3 Adoption: