Table of Contents
Introduction
The popularity of digital assets and the development of blockchain technology have led to the rise of cryptocurrency exchanges as the main platform for trading. There are two main types of exchanges: centralized exchanges (CEX) and decentralized exchanges (DEX). While both provide trading services for digital assets, they differ in user experience. In this article, we will explore the world’s first initiative by BHE that integrates DEX decentralized trading with CEX centralized experience, offering users a more convenient, secure, and efficient trading experience.
Centralized Exchange (CEX) User Experience
CEX is a traditional exchange model where users store their digital assets in the exchange’s account, and the exchange holds the private key. This means users have to trust the centralized entity during the transaction process. CEXs usually offer easy-to-use interfaces, high liquidity, and fast trade execution. Users can quickly place orders and utilize various trading tools and order types.
However, CEX user experience has some drawbacks. Firstly, users have to provide personal information for KYC (Know Your Customer) verification to comply with legal regulations, which compromises user privacy. Secondly, users have to trust the exchange with their assets, which poses security risks. Lastly, since CEXs are centralized, they are vulnerable to hacking, resulting in the loss of user assets.
Decentralized Exchange (DEX) User Experience
DEX is a new exchange model that gives users full control over their private keys, and transactions occur on the blockchain rather than being processed by a centralized entity. This eliminates the need for users to provide personal information, protecting their privacy.
Although DEX has advantages in decentralization, its user experience has been challenging. DEXs often face issues with liquidity, leading to higher transaction costs and slower transaction speeds. For non-technical users, DEX interfaces may be complex and less user-friendly compared to CEXs. Additionally, DEXs can be affected by blockchain congestion and delays, resulting in a degraded user experience.
BHE – Integrating DEX Decentralized Trading with CEX Centralized Experience
To overcome the limitations of traditional CEXs and the user experience problems of DEXs, BHE has launched the world’s first trading platform that integrates DEX and CEX, providing users with a more convenient, secure, and efficient trading experience.
BHE Advantages
BHE offers several advantages:
- Decentralization: BHE eliminates LP pool and dealer control, offering users zero risk, zero loss, and almost zero gas fee transactions.
- Multiple Trading Options: BHE provides option trading, OTC trading, digital asset trading, and more.
- Multi-Chain Support: BHE operates on multiple chains, enabling ultra-low gas fee transactions and subsequent support for BEP20, TRC20, MRC20, and other public chains.
- User-Friendly Interface: BHE’s K-line chart DEX is designed to be more user-friendly, making zero transactions more convenient and friendly.
- Global Contract Audit: BHE has undergone a globally renowned contract audit to ensure security and integrity.
CEX+DEX Comprehensive Aggregation
As an aggregated trading platform for CEX+DEX, BHE allows traders to access both DEXs like Uniswap and Curve, and CEXs like Binance and Kucoin. This enables BHE to reach the trading depth of top CEX+DEX platforms and complete transactions with optimal plans and prices. Traders can choose between CEX and DEX, select the routing path of transactions, and find the most suitable trading pool on Uniswap.
DeCEX – Decentralized CEX Service
BHE provides users with a decentralized CEX service called DeCEX. Traders can participate in transactions on CEXs like Binance through BHE without the need for KYC. By connecting their wallets to BHE, users can trade tokens on CEXs at the most advantageous prices and enjoy zero handling fees compared to trading directly on DEXs. Funds remain in users’ wallets, protected by blockchain technology and eliminating the risks associated with centralized exchanges.
BHE Aggregator
BHE’s aggregator is a core technology that combines decentralized CEX and DEX. It offers ultra-fast order execution and price feedback, providing users with an efficient and high-quality trading experience. The aggregator uses advanced algorithms to search across multiple liquidity protocols, finding the most effective exchange paths and the best token exchange rates in the shortest time. This ensures users can complete optimal trades and avoid losses and risks caused by price fluctuations.
DEX Trading Mode
BHE initially aimed to copy the mature CEX model and use the order book and matching model as the market-making mechanism for DEX. However, due to factors like gas fees and block production order and time, the DEX market-making experience falls behind CEX. To address this, BHE introduced the concept of Passive Market Making (PMM). PMM allows the active market maker exchange to automatically swap assets in the liquidity pool, providing currency transactions without the restrictions of order books and matching. By imitating the behavior of human market makers and using oracles to guide prices, BHE’s DEX offers a more efficient and liquid market-making experience.
Market Inquiry and Safety Inspection
BHE supports over 100,000 currency quotes and currency contract detection on 26 public chains. It allows users to avoid fraudulent currencies, view real-time prices, access K-line charts, and obtain data analysis and information on issuance, circulation, transaction records, and more.
Conclusion
BHE’s initiative to integrate DEX decentralized trading with CEX centralized experience offers users a unique and powerful trading platform. By combining the advantages of both DEX and CEX, BHE provides a user-friendly interface with enhanced security and efficiency. With its comprehensive aggregation, decentralized CEX service, advanced aggregator technology, and improved DEX trading mode, BHE is poised to become a leader in the cryptocurrency exchange industry. Embrace the future of trading with BHE.
Keywords: Top DEX, BHE, decentralized trading, centralized experience, cryptocurrency exchange, CEX, DEX, user experience, DeCEX, BHE aggregator, PMM, market inquiry, safety inspection.
