OKX Launches CeDeFi Trading, Bridging Centralized and Decentralized Markets
Summary
OKX, a major crypto exchange, has introduced CeDeFi trading, which merges the performance of centralized exchanges (CEX) with the transparency of decentralized networks (DEX) into one interface. This aims to simplify decentralized trading by eliminating complex steps like managing multiple wallets or bridging assets. The feature utilizes smart order routing across over 100 liquidity pools to find the best real-time prices for users trading tokens across chains like X Layer, Solana, and Base. Key features include multi-chain access, early market participation, a unified experience, and effortless setup where self-custody wallets are automatically created and secured via passkeys without requiring a seed phrase. OKX cautions users that decentralized markets carry higher risks like slippage and volatility, advising due diligence.
(Source:BeInCrypto)