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Binance, a centralized exchange like FTX, requires your trust in order to hold your assets. Hacker News will hate this — but this is why decentralized exchanges
by lazzlazzlazz 3y ago
Binance, a centralized exchange like FTX, requires your trust in order to hold your assets. Hacker News will hate this — but this is why decentralized exchanges like Uniswap exist. Uniswap already does more volume that most centralized exchanges, all without every taking custody of assets.
Unironically, crypto fixes this, by allowing for self-custody and trustless exchange using verifiable programs (like Uniswap).