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RE: Steemit Crypto Academy Contest S6-W2 | Centralized Cryptocurrency Exchange Platforms and Its risks

in SteemitCryptoAcademylast year (edited)

I must commend that you have done justice to this task dear friend.
Lack of Decentralization Leads to Inefficient Markets
It is no secret that the FTX exchange, one of the leading cryptocurrency trading platforms, recently went bankrupt.
The traditional centralized exchange model simply cannot handle the volatility and liquidity of cryptocurrencies, leading to inefficient markets and ultimately, bankruptcy.

Unlike centralized exchanges, decentralized exchanges are built on blockchain technology, which means that all transactions are recorded on an immutable public ledger.

Thanks for sharing friend, and goodluck in this contest. #steem-on.

I will appreciate if you equally engage on Mine

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Thank for reading and such a detailed comment on my article.

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