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Executing on these platforms is so incredibly expensive compared to FTX and Binance. Availability is an issue - when chain is congested, fees skyrocket and it t
by rich_sasha 4y ago
Executing on these platforms is so incredibly expensive compared to FTX and Binance. Availability is an issue - when chain is congested, fees skyrocket and it takes forever to get out. You can't short or leverage.
Of course, in reality, you can't get your money from FTX either. But in current shape of crypto, there is certainly a point to having centralised exchanges.
- dannyw 4y agoyes you can. Use Kwenta, Dydx, etc. Shorting, leverage, L2 so low fees (in pennies)... all supported.
- zeroclip 4y agoUnder load it might take a few minutes to execute a trade, which is better than just losing your asset because the exchange went insolvent. This is why L2 is actively being developed on Ethereum, and already processing a lot of volume. Same trustless withdrawals, but higher bandwidth and lower fees.