Cryptocurrencies
DeFi Exchange Says It Beats Larger Rivals Binance, Coinbase
- It lets traders execute large trades in preferable price range
- SEC has recognized the lack of liquidity in certain assets
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Uniswap, the biggest decentralized crypto exchange, says that it can provide more liquidity than its larger, centralized rivals Coinbase and Binance, because of the incentives it gives its liquidity providers to deliver better pricing to traders.
Compared to the most popular Ether trading pairs on the centralized exchanges, the latest version of Uniswap launched about a year ago allows traders to execute large-size trades in a price range they prefer more easily, new research by Uniswap Labs, the main developer of the exchange, found. Coinbase and Binance did not respond to requests for comment.