Since the collapse of FTX, one of the biggest centralized cryptocurrency exchanges in November 2022, regulators have sought to tighten their reins over the cryptocurrency space. As a result, Congress has proposed a bill to create clear guidelines for the regulation of cryptocurrency exchanges in the United States.
Amidst the increased scrutiny of centralized exchanges (CEX), many cryptocurrency users moved to decentralized exchanges (DEX), but many were unsatisfied with the services offered, leading to the creation of a new type of exchange model. Combining the best features of CEXs and DEXs, are hybrid exchanges like Tradecurve the future of crypto trading?
Congress Introduces New Crypto Bill
In a draft bill submitted to Congress by Republicans, it has been proposed that cryptocurrency exchanges in the United States register with the Securities and Exchange Commission (SEC). CEXs that register with the SEC will be able to offer trading of digital securities, stablecoins, and commodities from one platform if they also register with the U.S. Commodity Futures Trading Commission (CFTC).
As part of the bill, the CFTC would be allowed to create a new category for crypto trading platforms called digital commodity exchanges. Companies that register with the CFTC will comply with the regulator’s customer protection laws and offer trading of certified crypto commodities.
The bill also proposes that existing crypto assets be absolved of all enforcement actions – this means that projects with outstanding cases with the SEC and CFTC will be allowed to operate until the agencies finish setting up comprehensive rules for the crypto industry. The bill brings clarity to how cryptocurrencies could operate in the United States and if passed, will mark a landmark milestone for the industry.
Are Hybrid Exchanges the Future of Crypto Trading?
Both CEXs and DEXs have their shortcomings including a lack of privacy, security, and transparency for the former, while the latter lacks liquidity, has higher fees, is complex, and lacks fiat payment. One of the most successful solutions to the problem of crypto exchanges is the hybrid model that combines the best features of centralized and decentralized exchanges to create platforms without these shortcomings.
On hybrid exchanges, users enjoy the ease, functionality, and liquidity of CEX along with the privacy and security of DEXs, making it the perfect model. While hybrid exchanges are the perfect next-gen solutions for the shortcoming of both exchange types, can they be called the future of crypto trading?
Yes, the growing trend of hybrid exchanges, like Tradecurve has attracted the biggest names in the industry, including Changpeng Zhao, but he said his exchange, Binance, is not ready to make the switch yet. However, Phemex, a leading crypto platform is already making the switch from its CEX infrastructure to become a hybrid exchange.
Another reason why hybrid exchanges are the future is the presence of extra features not present on CEXs and DEXs. For example, Tradecurve, an emerging hybrid exchange, is introducing a platform where users will be able to trade options, stocks, forex, ETFs, and cryptocurrencies from one account – features that even the biggest CEX Binance can’t boast of. Tradecurve is quickly growing in popularity while in presale and you can join investors buying into the project for $0.015 per token.
To learn more about the Tradecurve (TCRV) presale follow the links below:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
