Though within the quick aftermath of FTX there was a priority that Sam Bankman-Fried had made the case for decentralized exchanges (DEXs) – and people fears nonetheless resonate with some shoppers – the information exhibits that centralized exchanges (CEXs) are very a lot alive and effectively. “I feel there are benefits of being a centralized trade for a dealer for an investor,” Rafique stated. “Centralized exchanges have the flexibility to work with market makers and cater to a various buyer base, together with retail, institutional, and excessive web value prospects, whereas additionally having higher order execution effectivity as a consequence of centralized order matching.”