There is an ongoing rivalry between centralized and decentralized cryptocurrency exchanges. At the moment, the majority of top exchanges like Binance, Bitfinex, BitStamp, Huobi, Kraken etc are centralized. They’re easier to use, place less pressure on the customer and some of them offer compatibility with fiat currencies. While there’s a lot to shout about, there are also serious concerns around security and trust that lead some traders to turn to a less user-friendly decentralized alternative.
It can be hard to know where to place your faith as a crypto investor. Should you look for the exchange you think is least likely to be hacked? Or how about the exchange with the highest trading volume? Let’s take a look at some of the features associated with the current offering and ponder where the industry might turn next.