Though within the speedy 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 customers – the info exhibits that centralized exchanges (CEXs) are very a lot alive and nicely. “I feel there are benefits of being a centralized alternate for a dealer for an investor,” Rafique stated. “Centralized exchanges have the power to work with market makers and cater to a various buyer base, together with retail, institutional, and excessive internet price prospects, whereas additionally having higher order execution effectivity as a consequence of centralized order matching.”