Exchange tokens rally ahead of next week’s Coinbase Nasdaq listing
Cointelegraph
Published Apr 08, 2021 05:49PM ET
Updated Apr 09, 2021 07:20PM ET
Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase's April 14 NASDAQ listing and the exchange's recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021.
Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity on separate blockchain networks means that many crypto traders stick with CEXs for lower trading costs and the sense of security they offer.
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Written By: Cointelegraph
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