ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala

CEX

CEXs are platforms managed by centralized organizations that facilitate the trading of cryptocurrencies, offering high liquidity and user-friendly fiat on-ramps. Leaders like Binance, OKX, and Coinbase serve as the primary gateways for institutional and retail entry. In 2026, the industry focus is on Proof of Reserves (PoR), enhanced regulatory compliance, and hybrid models that offer self-custody options. This tag provides updates on exchange security, listings, and global market trends.

4243 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
What happened to crypto market today – Mild recovery, but where is smart money?

What happened to crypto market today – Mild recovery, but where is smart money?

The post What happened to crypto market today – Mild recovery, but where is smart money? appeared on BitcoinEthereumNews.com. Key Takeaways What’s happening in the crypto market today? Despite a mild rebound, extreme fear shows that broader capital hasn’t entered the crypto market today, keeping smart money cautious. What signals suggest optimism? Bullish signs like rising whale holdings and institutional interest in DOGE/XRP ETFs indicate the market still has upside potential. The crypto market today registered a mild rebound.  Bitcoin [BTC] retested $88,000, sparking debate over whether it has bottomed or if selling pressure is still weighing on the market. Ethereum [ETH] followed, climbing back above $2,800.  All in all, has the market turned bullish? Analyzing trends in the crypto market today On the macro side, nearly $50 billion flowed into the crypto market over the last 24 hours.  Notably, $30 billion of that went straight into Bitcoin. That’s 60% of inflows, a sign that traders are still favoring BTC over altcoins, keeping this cycle BTC-led. The result? The Altcoin Season Index slipped by 3 points to 39. In short, the minor rebound of the crypto market today isn’t broad-based. The inflows seemed to be too concentrated, making it premature to call a market bottom yet, with the TOTAL index already down 0.38% intraday.  Source: TradingView (TOTAL/USDT) Simply put, the overall market participation has been cautious. BlackRock, for example, has been selling aggressively, moving 2,822 BTC and 36k ETH into Coinbase Prime. On the ETF side, inflows for both BTC and ETH have been  flat, showing that big money isn’t jumping in yet. Reinforcing this, the Fear and Greed Index ticked up just 2 points to 12. However, it’s still in “extreme” fear, matching market positioning, with 95% of 24-hour liquidations in the crypto market today coming from longs. Market pause, not panic? Despite bearish signals though, the crypto market today did see some signs of optimism. On the…

Author: BitcoinEthereumNews

2025/11/25

The Best Liquidity Providers of Cryptocurrencies in 2025

The Best Liquidity Providers of Cryptocurrencies in 2025

The post The Best Liquidity Providers of Cryptocurrencies in 2025 appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Where would we be without liquidity? Call it the lifeblood of crypto; call it the oil that greases the markets; or just call it “money” if you prefer, cos that’s what it essentially is – well-funded firms putting serious amounts of money into liquidity pools and order books to ensure swaps can be efficiently executed. While you probably don’t stop to thank them every time you execute a trade with zero slippage, it is thanks to LPs that this is all possible. From the largest centralized exchanges to the smallest DEXs, liquidity is the force that connects it all, making the crypto ecosystem work as one. The same liquidity that allows you to trade at the quoted price is also instrumental in ensuring price consistency across the board. Any time a whale makes a large buy on an exchange, the asset’s latest price is rapidly reflected across thousands of other trading platforms, and it’s all thanks to liquidity. LPs, often operating as market makers, are the engine that facilitates this, ensuring that the price you’re quoted is the price you pay. If you’ve traded crypto this year, there’s a good chance your order was executed by one of the following firms. But before we list them, let’s take a moment to clarify the difference between market makers and liquidity providers – because many companies perform both roles. But make no mistake, there is a difference. Liquidity Provisioning vs. Market Making: What’s the Difference? While the terms “market making” and “liquidity provisioning” are often used interchangeably, they describe distinct approaches to supplying liquidity. In short, market making is an active, dynamic process, while LP’ing is more passive. Advertisement &nbsp Market makers continuously post bids and asks around the current market price to absorb incoming orders on…

Author: BitcoinEthereumNews

2025/11/25

Galaxy Digital eyes Polymarket, Kalshi market making

Galaxy Digital eyes Polymarket, Kalshi market making

The post Galaxy Digital eyes Polymarket, Kalshi market making appeared on BitcoinEthereumNews.com. Prediction-market platforms Polymarket and Kalshi are in discussions with Galaxy Digital as institutional interest begins shifting toward event-driven trading. Summary Galaxy Digital is in talks to act as a market maker on Polymarket and Kalshi as institutional firms examine the growing event-trading sector. Prediction-market volume and valuations have surged, supported by Google Search integration, new funding rounds, and major trading firms joining. Regulatory steps, including Polymarket’s QCEX acquisition and Kalshi’s CFTC approvals, have opened the door to broader U.S. participation. Galaxy Digital is in discussions to provide liquidity on Polymarket and Kalshi as prediction markets draw new attention from major trading firms. According to a Nov. 24 Bloomberg report, the firm has held talks with both exchanges about supplying regular two-way quotes that help improve trading depth. Galaxy’s move into prediction markets Galaxy Digital, long focused on institutional crypto services, is exploring a market-making role that would place it alongside a small group of Wall Street-linked players entering the event-trading space. Galaxy Digital chief executive officer Mike Novogratz said the company aims to act as a consistent counterparty on platforms like Polymarket and Kalshi, which operate peer-to-peer markets rather than sportsbook-style setups. Prediction markets have surged this year as users trade binary contracts tied to politics, sports, economic data, and cultural outcomes. Platforms rely heavily on liquidity providers to keep spreads tight, as every “yes” purchase requires someone else to take the “no” side. Historically, these markets were too small to attract large trading firms. Susquehanna International Group was one of the few to publicly confirm activity on Kalshi. But that is changing. Jump Trading recently started market making on Kalshi, and AQR’s Cliff Asness said the firm is reviewing a sports-betting expansion. Kalshi also operates its own internal market-making desk to meet order flow during high-traffic windows. Why prediction…

Author: BitcoinEthereumNews

2025/11/25

Galaxy Digital weighs market making role for Polymarket, Kalshi prediction markets

Galaxy Digital weighs market making role for Polymarket, Kalshi prediction markets

Prediction-market platforms Polymarket and Kalshi are in discussions with Galaxy Digital as institutional interest begins shifting toward event-driven trading. Galaxy Digital is in discussions to provide liquidity on Polymarket and Kalshi as prediction markets draw new attention from major trading…

Author: Crypto.news

2025/11/25

10 Best Crypto Exchange for Beginners In 2025

10 Best Crypto Exchange for Beginners In 2025

As you step into the world of cryptocurrency, finding the best crypto exchange can transform your trading experience. The right platform not only simplifies buying and selling but also ensures your journey is secure, user-friendly, and rewarding. Whether you’re exploring the best crypto app for convenience or the best crypto trading platform for advanced tools, choosing wisely can set you up for success. In this guide, we’ll walk you through the top exchanges tailored for beginners, highlighting features that matter most, like trust score, security, and supported coins. Ready to take the first step toward confident crypto trading? Keep reading to become an informed investor. Best Crypto Exchanges, Platforms, and Apps Exchange Trust Score Rating Trading Fees (Maker/Taker) Supported Coins Key Security Features Best For Binance 9.9 / 10 Up to 0.1% / 0.1% 350+ Proof of Reserves (PoR), 2FA, SAFU Fund Massive coin selection and deep liquidity. Bybit 9.4 / 10 Up to 0.1% / 0.1% 1000+ PoR, Cold Storage, 2FA Derivatives trading and a user-friendly app. Gate.io 9.7 / 10 Up to 0.2% / 0.2% 4,000+ PoR, Cold Storage, Bug Bounties The widest variety of altcoins. Coinbase 9.8 / 10 Up to 0.4% / 0.6% 250+ PoR, Cold Storage, FDIC Insurance (USD) Simplicity and regulatory compliance. OKX 9.5 / 10 Up to 0.08% / 0.1% 300+ PoR, 2FA, Cold Wallet All-in-one platform with low fees. Bitget 9.4 / 10 Up to 0.1% / 0.1% 800+ PoR, Protection Fund, Cold Storage Copy trading and social trading features. Kraken 9.8 / 10 Up to 0.16% / 0.26% 570+ PoR, Cold Storage, 2FA, Platform Bug Bounty Top-tier security and excellent support. MEXC 9.6  / 10 0.0% / 0.0% (Spot) 3,000+ PoR, Cold Storage, 2FA Zero-fee spot trading and a huge coin list. KuCoin 9.3 / 10 Up to 0.1% / 0.1% 1,000+ PoR, 2FA, Multi-Layer Encryption Finding new and emerging “crypto gems.” Crypto.com 9.7 / 10 0%-2.99% (Varies) 250+ PoR, Cold Storage, 2FA, Insurance Large ecosystem with a crypto debit card. 10 Best Crypto Exchanges in 2025 – Our Top Picks Your choice of the best crypto app or best bitcoin exchange can significantly impact your trading success. With so many options available, it’s essential to focus on platforms that offer security, low fees, and a seamless user experience. Below, we’ve outlined the 10 best crypto exchanges in 2025, each excelling in key areas to meet diverse trading needs. 1. Binance – Best for Massive Coin Selection and Deep Liquidity Launched in 2017, Binance has quickly grown into the world’s largest cryptocurrency exchange by trading volume. With over 350 cryptocurrencies and trading pairs available, it caters to a diverse range of traders, from beginners to professionals. Binance operates in more than 100+ regions with over 275+ million users, making it a truly global platform for crypto trading. The platform is renowned for its low trading fees, starting at just 0.1%, and its robust liquidity ensures smooth transactions even for high-volume trades. Binance also offers advanced trading options, including spot, margin, futures, and options trading, making it a versatile choice for all trading strategies. Security is a top priority, with features like two-factor authentication (2FA) and Binance’s Secure Asset Fund for Users (SAFU) to protect user funds. Pros & Cons of Binance Pros Cons Low trading fees starting at 0.1%. Not available in some regions like the U.S. Over 350 cryptocurrencies and trading pairs. Complex interface for beginners. High liquidity for seamless transactions. Customer support can be slow at times. Advanced trading options (spot, futures, etc.) Regulatory scrutiny in certain jurisdictions. Strong security measures, including SAFU. User Score9.9 Promotion100 USDT Sign-Up Bonus-20% Trading FeesClaim RewardBinance Review 2. Bybit – Best for Advanced Derivatives Trading and User-Friendly Interface Bybit launched in March 2018 under the leadership of Ben Zhou and quickly became a leading cryptocurrency exchange. It serves millions of users in over 160 countries, offering a platform that combines advanced trading tools with an easy-to-use interface. Traders rely on Bybit for its high-leverage derivatives trading, which goes up to 100x. The platform also supports spot trading, staking, copy trading, and passive income opportunities. Bybit’s trading engine processes orders quickly and ensures minimal downtime, even during high market activity. Its design makes it accessible to both beginners and experienced traders. Pros & Cons of Bybit Pros Cons Offers high-leverage derivatives trading (up to 100x). Limits access in regions like the U.S. Provides an intuitive interface for all users. Includes fewer spot trading pairs than some competitors. Delivers multiple passive income options like staking. Experiences occasional delays in customer support during busy times. Implements strong security with cold storage and real-time monitoring. Faces regulatory restrictions in certain areas. User Score9.7 Promotion30,050+ USDT Sign-Up Bonus-30% Trading FeesClaim RewardBybit Review 3. Gate.io – Best for Altcoin Variety and Early Project Access You’ll find Gate.io, established in 2013, to be one of the most trusted crypto exchanges in the industry. Known for its extensive selection of altcoins, Gate.io supports over 1,700 cryptocurrencies and thousands of trading pairs, making it a top choice for traders seeking access to emerging tokens and diverse markets. As one of the best crypto trading platforms, Gate.io offers a wide range of features, including spot trading, margin trading, futures, staking, liquidity mining, and a startup launchpad for early project access. The platform also provides a Web3 wallet, enabling users to interact with decentralized applications and manage assets across multiple blockchains. Its competitive fees and earning opportunities make it appealing to both beginners and experienced traders. For those looking for the best app for crypto trading, Gate.io’s mobile app delivers access to all its features, including trading, staking, and project launches, though its interface may feel crowded for new users. With its long-standing reputation and robust security measures, Gate.io also ranks among the best bitcoin exchanges, offering a secure and reliable environment for trading Bitcoin and other cryptocurrencies. Pros & Cons of Gate.io Pros Cons Offers one of the largest selections of cryptocurrencies. Interface can feel crowded for new users. Competitive fees with discounts for GT token holders. Regional restrictions apply in some countries. Provides staking, liquidity mining, and early project access. Withdrawal fees can be higher for certain assets. Advanced security features, including cold storage and multi-factor authentication. Mobile app navigation is less intuitive compared to competitors. User Score9.7 Promotion10,000 USDT Sign-Up Bonus-30% Trading FeesClaim RewardGate.io Review 4. Coinbase Exchange – Best for Regulated Spot Trading and Deep Liquidity Coinbase Exchange has been a market leader since 2012, offering a secure and regulated platform for cryptocurrency trading. Known for its compliance with global regulations, Coinbase provides one of the deepest liquidity pools among crypto spot exchanges, making it ideal for both institutional and individual traders. As one of the best crypto trading platforms, Coinbase features a dynamic fee structure that rewards high-volume trading.  The platform also supports advanced trading through its FIX/REST APIs and WebSocket feeds, ensuring seamless order execution and real-time market data access. With its acquisition of LMX Labs, Coinbase has expanded into the futures market, offering regulated derivatives trading under the Coinbase Derivatives brand. For those looking for the best app for crypto trading, Coinbase delivers a user-friendly mobile experience, allowing traders to manage portfolios, monitor markets, and execute trades effortlessly. Its strong focus on security and compliance also places it among the most trusted crypto exchanges, providing a safe environment for buying, selling, and holding Bitcoin and other cryptocurrencies. Pros & Cons of Coinbase Pros Cons Regulated platform with deep liquidity. Higher fees compared to some competitors. Beginner-friendly interface and mobile app. Limited altcoin selection. Advanced APIs for institutional traders. Fewer earning opportunities like staking. Access to regulated futures markets. Regional restrictions in certain countries. User Score9.8 Promotion200 USDT Sign-Up Bonus-10% Trading FeesClaim RewardCoinbase Review 5. OKX – Best for Advanced Trading and Web3 Integration If you’re looking for a platform that combines advanced trading tools with cutting-edge features, OKX is the perfect choice. Since its launch in 2017, OKX has grown into a global leader in cryptocurrency trading, offering support for over 400 cryptocurrencies and a wide range of trading options, including spot, futures, margin, and options trading. What sets OKX apart is its Web3 ecosystem, which gives you access to a non-custodial OKX wallet, an NFT marketplace, and DeFi integration. These features allow you to explore decentralized finance, trade NFTs, and manage your digital assets with ease, even if you’re new to crypto or getting started with Web3 wallets. OKX also prioritizes your security, with measures like Proof of Reserves, two-factor authentication, and cold storage to keep your funds safe. If you’re a cost-conscious trader, you’ll appreciate OKX’s competitive fees, starting at just 0.08% for spot trading makers and 0.10% for takers. The platform also offers advanced tools like trading bots and copy trading, so you can automate your strategies or follow expert traders to enhance your trading experience. Pros & Cons of OKX Pros Cons Low trading fees for spot, futures, and options. Complex interface may overwhelm beginners. Advanced tools like trading bots and copy trading. Limited fiat deposit options compared to competitors. Comprehensive Web3 ecosystem with OKX wallet and NFT marketplace. Restricted in certain regions, including Canada and the USA. Strong security measures, including Proof of Reserves and cold storage. Advanced features may require a learning curve for new users. User Score9.5 Promotion10,000 USDT Sign-Up Bonus-30% Trading FeesClaim RewardOKX Review 6. Bitget – Best App for Crypto Trading and Trusted Exchange Bitget, launched in 2018, stands out as one of the most trusted crypto exchanges, offering a secure and feature-rich platform. With support for over 800 cryptocurrencies, it provides diverse trading options, including spot, futures, and margin trading. Recognized as the best app for crypto trading, Bitget’s mobile platform delivers seamless functionality, allowing you to trade, monitor markets, and manage portfolios on the go.  Its standout copy trading feature enables users to replicate strategies from top traders, making it ideal for both beginners and experts. For a deeper look at platforms that excel in this area, check out the best crypto copy trading platforms. Bitget prioritizes security with Proof of Reserves and a Protection Fund, ensuring user assets remain safe. Its advanced tools, trading bots, and APIs further enhance the trading experience for professionals. Pros & Cons of Bitget Pros Cons Copy trading for beginners and experts. Limited availability in certain regions. Supports over 800 cryptocurrencies. Advanced features may overwhelm new users. Strong security measures, including Proof of Reserves. Withdrawal fees vary by asset. User-friendly app for trading on the go. Customer support response times can vary. User Score9.4 Promotion6,200 USDT Sign-Up Bonus-20% Trading FeesClaim RewardBitget Review 7. Kraken – Best Crypto Exchange for Beginners and Advanced Traders If you’re looking for the best crypto exchange for beginners, Kraken is a fantastic choice. Established in 2011, Kraken has built a reputation as one of the most trusted and secure platforms in the crypto space. With support for over 570 cryptocurrencies and availability in 190+ countries, Kraken offers a user-friendly experience for newcomers while providing advanced tools for seasoned traders. Kraken’s intuitive interface makes it easy for you to buy, sell, and trade NFTs, whether you’re on desktop or mobile, especially if you need a clear, step-by-step guide on how to buy NFTs. For advanced users, Kraken Pro offers features like margin trading with up to 10x leverage, futures contracts, and deep liquidity for large-volume trades. The platform also emphasizes security, with robust measures like cold storage and two-factor authentication to protect your assets. Additionally, Kraken provides educational resources to help you understand blockchain, trading, and crypto concepts, ensuring you feel confident every step of the way. Pros & Cons of Kraken Pros Cons User-friendly interface for beginners. Higher fees on the standard platform. Advanced tools like margin trading and futures. Limited availability in some regions. Supports over 570 cryptocurrencies. Advanced features may require a learning curve. Strong security measures, including cold storage. Customer support response times can vary. 8. MEXC – Best for High-Leverage Trading MEXC is one of the most trusted crypto exchanges that you can invest in in 2025. The exchange was launched in 2018 by a team of blockchain enthusiasts and has since become a global leader, serving traders in over 170 countries. Known for its extensive cryptocurrency offerings, MEXC supports over 3,000 digital assets and 2,600+ spot pairs, making it the best platform for altcoin enthusiasts. With trading fees as low as 0.00% for makers and 0.05% for takers, MEXC is one of the most cost-effective exchanges for both spot and futures trading. The platform also offers leverage of up to 500x, catering to high-risk takers looking to maximize their trading potential. For beginners, MEXC provides demo accounts and copy trading features, allowing you to practice and learn from experienced traders. Security is a priority at MEXC, with measures like cold storage, two-factor authentication, and an insurance fund to protect user assets. While its advanced interface may feel complex for newcomers, the platform’s frequent updates, detailed tutorials, and responsive customer support make it easier for users to adapt and trade confidently. Pros & Cons of MEXC Pros Cons Access to over 3,000 cryptocurrencies. Limited fiat deposit and withdrawal options. Low trading fees for spot and futures markets. Interface can be complex for beginners. High leverage options, up to 500x. Restricted in certain regions, including the U.S. Supports copy trading and demo accounts. Customer support response times can vary. Frequent token listings and early access to new projects. Smaller tokens may have lower liquidity. User Score9.6 Promotion10,000 USDT Sign-Up Bonus-50% Trading FeesClaim RewardMEXC Review 9. KuCoin – Best for Altcoin Access and Flexible Trading KuCoin, launched in 2017, has established itself as one of the most versatile cryptocurrency exchanges globally. Known for its extensive range of supported cryptocurrencies, KuCoin offers access to over 700 digital assets and 1,300+ trading pairs, making it the best platform for altcoin enthusiasts and traders seeking emerging tokens. The platform provides a variety of trading options, including spot, futures, and margin trading, along with advanced tools like trading bots and a peer-to-peer (P2P) NFT marketplace. KuCoin also stands out for its early listings of new and trending cryptocurrencies, giving you the opportunity to explore projects before they gain mainstream attention. KuCoin’s competitive fee structure, starting at 0.10% for both makers and takers, becomes even more attractive when you hold its native token, KCS, which unlocks additional discounts. Beyond trading, KuCoin Earn offers flexible and fixed-term savings plans, staking, and structured financial products to help you grow your crypto holdings. Pros & Cons of KuCoin Pros Cons Access to over 700 cryptocurrencies. Limited availability in some regions. Competitive fees with discounts for KCS holders. Customer support response times can vary. Advanced trading tools, including bots and P2P marketplace. Interface may feel complex for beginners. Early listings of new and trending tokens. Trading fees can be higher for certain pairs. Flexible earning options through KuCoin Earn. Some features may require a learning curve. User Score9.3 Promotion11,000 USDT Sign-Up Bonus-10% Trading FeesClaim RewardKuCoin Review 10. Crypto.com – Best App for Crypto Trading and Buying Crypto.com is widely recognized as one of the best apps for crypto trading and the best place to buy crypto in 2025. With support for over 442 cryptocurrencies and 480+ trading pairs, Crypto.com offers a comprehensive platform for both beginners and experienced traders. Its user-friendly interface and advanced features make it a top choice for anyone looking to trade or invest in digital assets. The platform stands out for its low fees, with maker fees starting at 0% and taker fees as low as 0.15%. Crypto.com also provides a seamless mobile app experience, allowing you to trade, manage your portfolio, and access advanced tools on the go. For those looking to earn passive income, Crypto.com offers staking options with up to 13.74% APY and a crypto-earning debit card for everyday spending. Security is a priority at Crypto.com, with features like 1:1 reserves, $120 million in crime insurance, and self-custody wallet options to protect your assets. Whether you’re a beginner or a seasoned trader, Crypto.com combines accessibility, security, and advanced tools to meet your trading expectations.  Pros & Cons of Crypto.com Pros Cons Supports over 440 cryptocurrencies. Unavailable in New York. Low trading fees with maker fees starting at 0%. No phone support available. User-friendly app for trading and portfolio management. Advanced features may require a learning curve. Offers staking with up to 13.74% APY. Some features may not be available in all regions. Provides a crypto-earning debit card. Fees for fiat deposits and withdrawals can vary. User Score9.5 Promotion1 BTC Worth Sign-Up Bonus-50% Trading FeesClaim RewardCrypto.com Review What Is a Crypto Exchange? A crypto exchange is a digital platform where you can trade digital assets such as Bitcoin, Ethereum, and many others, as explained in a detailed guide on how a cryptocurrency exchange works. These platforms simplify the process of accessing cryptocurrencies, making it easier for you to participate in the digital economy. Exchanges act as a marketplace, connecting buyers and sellers while providing tools to facilitate transactions. They also offer features like price tracking, trading pairs, and secure storage options. When choosing an exchange, consider factors like fees, security, and the range of cryptocurrencies available to ensure it meets your needs. These exchanges act as a bridge, connecting buyers and sellers while providing tools to facilitate transactions. Types of Crypto Exchanges When diving into the world of cryptocurrency, you’ll encounter several types of exchanges. Each serves a unique purpose, and understanding their differences can help you choose the one that fits your needs. Centralized Exchanges (CEXs) When using a centralized exchange, you’re engaging with a platform managed by a company that facilitates cryptocurrency trading. These exchanges are known for their user-friendly interfaces, making them a great choice if you’re new to crypto. They often provide additional features like staking, lending, and customer support to enhance your trading experience. CEXs require identity verification to comply with regulations, which adds a layer of security and trust. They also offer protection measures like crime insurance and custodial services for your funds. However, since these platforms act as intermediaries, you’ll need to trust them to manage your assets securely. Decentralized Exchanges (DEXs) If you prefer more control and privacy, decentralized exchanges might be for you. These platforms operate on blockchain technology, allowing you to trade directly with others without intermediaries. Transactions are automated through smart contracts, but you’ll need to manage your own wallet and private keys. Hybrid Exchanges Combine features of centralized and decentralized exchanges, offering both user-friendly interfaces and greater control over your assets. They let you trade using a familiar, simple platform while maintaining custody of your funds during specific operations. Hybrid exchanges aim to provide faster transactions, better security, and less dependence on third-party intermediaries. This makes them a good choice for traders who want the convenience of CEXs but also value the independence offered by DEXs. Other Variations During your interaction with the best bitcoin exchanges, you’ll come across additional variations that cater to specific needs and preferences: Peer-to-Peer (P2P) Platforms: Allow you to trade directly with other users, often with customizable payment methods and no intermediaries. Instant Swap Services: Enable quick exchanges between cryptocurrencies without the need for an account or extensive verification. Futures and Derivatives Platforms: Focus on advanced trading options like futures contracts and leveraged trading for experienced users. Crypto-to-Crypto Only Exchanges: Specialize in trading between cryptocurrencies without fiat currency support. Should You Use a Broker or a Crypto Exchange? Deciding between a broker and a crypto exchange depends on your goals and how hands-on you want to be with your cryptocurrency investments. Use a Broker if: You prefer simplicity and convenience. Brokers often offer a straightforward way to buy and sell cryptocurrencies, bundling the process into a single transaction. They’re ideal if you’re new to crypto or want to invest without diving into the technical details. However, brokers may charge higher fees and offer fewer cryptocurrency options compared to exchanges. Use a Crypto Exchange if: You want more control and flexibility. Exchanges provide access to a wide range of cryptocurrencies, advanced trading tools, and lower fees. They’re a better fit if you’re comfortable managing your own trades and exploring features like staking or margin trading. Keep in mind, exchanges may require more effort to navigate and secure your assets. Crypto Exchanges Here’s what you can typically expect from using a crypto exchange; Offer a wide selection of cryptocurrencies for trading, including altcoins and emerging tokens. Provide advanced tools like staking, margin trading, and automated trading bots. Typically have lower fees compared to brokers, especially for high-volume traders. Allow you to directly own and manage your cryptocurrencies. Require you to handle your own wallet security and private keys. Traditional Brokers Below are the key characteristics of traditional brokers when it comes to crypto investing; Simplify the process of buying and selling cryptocurrencies, making them beginner-friendly. Often bundle crypto trading with other investment options like stocks and ETFs. Provide a more regulated and secure environment, with added consumer protections. May not offer direct ownership of cryptocurrencies, limiting wallet transfers. Charge higher fees and offer fewer cryptocurrency options compared to exchanges. How to Choose the Best Crypto Exchange Finding the best crypto exchange starts with identifying what matters most to you. If you are new to cryptocurrency, look for platforms that are easy to navigate, offer strong customer support, and provide educational tools. The best place to buy crypto for first-timers often includes exchanges like Coinbase or Gemini, which are known for their simplicity and security. For experienced traders, the best crypto trading platform might include advanced features like margin trading, staking, and access to a wide range of altcoins. Security should be a top priority when choosing the best crypto app. The most trusted crypto exchanges offer robust measures like two-factor authentication, cold storage for funds, and insurance against cyber threats. Additionally, consider the fees associated with trading, deposits, and withdrawals, and check out the best zero fee crypto exchanges to find platforms that maximize your profits. Platforms like Binance and Crypto.com are often regarded as the best bitcoin exchanges due to their competitive fees and extensive features, making them ideal for both beginners and seasoned traders. Your trading style also plays a role in selecting the right platform. If you prefer trading on the go, the best app for crypto trading should provide a seamless mobile experience with all the tools you need. For those who value transparency and trust, focus on platforms with a strong reputation and regulatory compliance.  How to Buy Cryptocurrency (Step-by-Step) Choose a Trusted Platform Start by selecting the best crypto exchange that suits your needs. Look for platforms with a strong reputation, user-friendly interfaces, and robust security measures. If you’re a beginner, consider exchanges like Coinbase or Kraken, which are known for their simplicity and reliability. Create and Verify Your Account Sign up for an account on your chosen platform. Most exchanges will require you to verify your identity by submitting documents like a government-issued ID. This step ensures compliance with regulations and enhances the security of your account. Deposit Funds Add money to your account using a bank transfer, credit card, or other supported payment methods. Be mindful of deposit fees, as they can vary between platforms. Some exchanges also allow you to deposit cryptocurrency directly if you already own some. Select the Cryptocurrency You Want to Buy Browse the available cryptocurrencies on the platform and choose the one you want to purchase. Whether it’s Bitcoin, Ethereum, or another altcoin, ensure you understand the asset before buying. Place Your Order Decide how much you want to invest and place your order. Most exchanges offer options like market orders (buying at the current price) or limit orders (buying at a specific price). Review the transaction details before confirming. Secure Your Investment Once your purchase is complete, transfer your cryptocurrency to a secure wallet. While exchanges offer built-in wallets, using a private wallet gives you more control and reduces the risk of hacks. Risks of Using a Crypto Exchange One of the primary risks of using a crypto exchange is security vulnerabilities. Exchanges are frequent targets for hackers, and breaches can result in the loss of funds. Even with advanced security measures like two-factor authentication and cold storage, no platform is entirely immune to cyberattacks. Additionally, if you leave your assets on the exchange instead of transferring them to a private wallet, you risk losing access if the platform experiences technical issues or shuts down. Another significant risk is regulatory uncertainty. Cryptocurrency regulations vary by country and can change rapidly, potentially affecting the operation of exchanges. Some platforms may face restrictions or even bans in certain regions, leaving users unable to access their accounts or funds. It’s crucial to choose a trusted exchange with a strong compliance record and to stay informed about the legal landscape in your area. Conclusion Choosing the best crypto exchange depends on your individual needs, whether you’re a beginner looking for simplicity or an experienced trader seeking advanced tools. The best crypto exchange for beginners should prioritize user-friendly interfaces, strong security, and reliable customer support, while seasoned traders may value features like low fees, diverse cryptocurrency options, and advanced trading capabilities. By carefully evaluating factors like security, fees, and platform reputation, you can find an exchange that aligns with your goals and provides a secure and efficient way to engage with the cryptocurrency market. FAQs What is the best crypto exchange in 2025?The best crypto exchange in 2025 depends on your needs. For overall features, Binance and Coinbase are top choices, offering a wide range of cryptocurrencies, advanced tools, and strong security. Binance is ideal for experienced traders, while Coinbase is great for simplicity and reliability. Which crypto exchange is best for beginners?The best crypto exchange for beginners is Coinbase. It provides an intuitive interface, educational resources, and excellent customer support, making it easy for newcomers to start trading. Kraken is another beginner-friendly option with strong security and straightforward tools. What is the safest and most trusted crypto exchange?The safest and most trusted crypto exchange is Kraken, known for its robust security measures, including two-factor authentication, cold storage, and regulatory compliance. Coinbase also ranks high for trustworthiness due to its insurance coverage and adherence to regulations. What crypto exchange has the lowest fees?Binance is the crypto exchange with the lowest fees, offering competitive maker and taker fees starting at 0.1%. For high-volume traders, platforms like KuCoin and Bybit also provide low-cost trading options. Which app is best for crypto trading?The best app for crypto trading is Binance for its advanced features, low fees, and wide range of cryptocurrencies. For beginners, the Coinbase app is highly recommended due to its user-friendly design and educational tools. What is the best crypto exchange for altcoins?Binance is the best crypto exchange for altcoins, offering a vast selection of cryptocurrencies, including many emerging tokens. Its advanced trading tools and liquidity make it ideal for altcoin enthusiasts. Can I use a crypto exchange without verifying my identity?Some exchanges, like KuCoin and Bybit, allow limited trading without identity verification. However, to access full features and higher withdrawal limits, most platforms require identity verification for compliance and security. What is the difference between a crypto wallet and a crypto exchange?A crypto wallet is used to store your cryptocurrencies securely, while a crypto exchange is a platform for buying, selling, and trading cryptocurrencies. For maximum security, it’s recommended to transfer your assets from an exchange to a private wallet. The post 10 Best Crypto Exchange for Beginners In 2025 appeared first on NFT Plazas.

Author: Coinstats

2025/11/25

Musk Says Real-World Data From X and Tesla to Drive AGI Efforts

Musk Says Real-World Data From X and Tesla to Drive AGI Efforts

SpaceX's CEO, Elon Musk, said Tesa’s fleet and X’s live data are providing him with training inputs that competitors lack.

Author: Coinstats

2025/11/25

A Conversation with Aster, Lighter, and Helix: Perp DEX's Business Strategy and Future Landscape?

A Conversation with Aster, Lighter, and Helix: Perp DEX's Business Strategy and Future Landscape?

On November 14th, members of the Lighter, Aster, and Helix teams jointly hosted an online roundtable discussion on the future landscape of the on-chain perpetual contract market. During the discussion, the guests shared their operational strategies, characteristics, and future plans for different PerpDEXs, and also offered their outlook on the development of the Perp market. This article is a transcript of the roundtable discussion, packed with valuable information, and is highly recommended for reading and sharing. Host: Tonight we'll be discussing a very important topic: PerpDEX's operational strategy and future landscape. We'll focus on several core issues, such as the current structural challenges facing the PerpDEX sector, how to map on-chain Perp and on-chain finance to the real-world market, and how various projects are addressing user growth, liquidity, and long-term user retention. Today's guests are: 1. Ken—Helix core contributor 2. Amber—Aster BD Manager 3. Mr.block—Lighter core contributor Let's move on to our first topic today: What are the core advantages of the on-chain PerpDEX that are most difficult for competitors to replicate? Why? Amber – Head of Business Development at Aster This is a very interesting question. Looking at the essence of PerpDex's product, everyone is essentially building trading infrastructure, and liquidity is undoubtedly the most crucial element. PerpDex's so-called advantage lies primarily in the smoothness of trading and the depth of its liquidity pools. For Aster, we hope to excel in several areas. First, we adopted an order book and a transaction model across the entire chain, allowing users to choose according to their own needs—do you want to execute complex strategies like a professional trader, or do you want to easily perform simple operations? For the latter, they can use Aster's trading mode with leverage up to 1001x and easy operation. This is our first unique feature: providing two trading models so users can choose the right product based on their desired experience. Secondly, we took early steps in protecting privacy. We launched a feature called "Hide Orders," which is very useful for many high-net-worth individuals who don't want their order information to be completely disclosed. Of course, the hidden order book hasn't fully realized its potential yet, as our own public blockchain hasn't officially launched. A key future direction is launching a dedicated public blockchain for order book services. At that time, transaction information will be transparent and auditable while maintaining privacy. Whether you're a large investor or a regular user, if you don't want your positions or order information to be readily available to others, you can trade while protecting your privacy, and the entire system will still be auditable. Therefore, allowing users to trade in a private environment is, at present, Aster's most significant difference and advantage compared to other PerpDEXs. Mr. Block (Chris) – Lighter Core Contributor : If we're only talking about technological differences, each company has its unique aspects, such as the dark pool I just mentioned. But I think the most crucial thing is to look at each project's "DNA." Aster's DNA is Binance; without Binance, Aster wouldn't be as big as it is today. Hyperliquid's DNA is the community that supports it; while Lighter's DNA is Peter Thiel's Founders Fund and Ribbit Capital, as well as Haun Ventures and Robinhood. Therefore, when retail investors choose which PerpDex to participate in, in addition to the product itself, the most important thing is to look at its DNA, which is also the biggest difference between these three DEXs. Another significant difference lies in whether or not a token has been issued. Currently, among the core players, only Edgex and Lightner haven't issued their own tokens. Therefore, retail investors tend to choose platforms that haven't yet issued tokens when selecting "mining" targets. Current trading volume data may also be inflated, as everyone is frantically inflating trading volumes. In comparison, the data from Aster and Hyperliquid is more realistic because they have already gone through the transaction mining and token issuance stages. Therefore, to truly predict who will ultimately win, I think we'll have to wait until June or July next year, taking into account changes in the market cycle, to see a clearer picture. I personally experienced the entire DeFi Summer and witnessed the competition among all DEXs at the time, including Uniswap, Balancer, Curve, and numerous Uniswap forks such as Pancakeswap. I feel that the competitive landscape of PerpDex now is similar to that of DeFi Summer. Hyperliquid succeeded, and everyone wanted to follow suit. If Hyperliquid hadn't succeeded, and Polymarket had taken off instead, then everyone here today might be involved in prediction markets, not PerpDex. This again illustrates the importance of timing, location, and people. Ken — Helix core contributor: I am a core contributor to Helix, which is PerpDEX deployed on the Injective chain. Returning to the original question, if we were to pinpoint Helix's most difficult-to-replicate core advantage, I believe the key lies in the fact that Helix is not simply a perpetual contract DEX, but rather built upon the high-performance and modular Injective public blockchain. On Helix, in addition to cryptocurrencies, stocks, commodities, forex, and various RWA assets can all be traded, providing a truly unified multi-asset trading experience. Furthermore, Helix leverages Injective's RWA module to support the listing of various innovative financial derivatives. For example, we recently opened up trading exposure for pre-IPO and private markets, including OpenAI and SpaceX. This is virtually unique among current on-chain trading platforms, and even in some centralized platform systems, such products are scarce. Helix fills this gap. In contrast, other DEXs or trading platforms may still focus on a single vertical market. To truly replicate a system like Helix—which combines the matching speed, depth, and liquidity of a centralized trading platform with a transparent multi-asset trading engine across the entire chain—it not only requires a high-performance blockchain as the underlying architecture but also a modular design to support rapid iteration and flexible on-chain deployment of diverse assets. This model, which deeply integrates the ultimate trading experience with the breadth of assets, combined with a near-CEX level experience and end-to-end transparency, constitutes Helix's long-term advantages that are difficult to replicate. It also gives us confidence that Helix has the ability to lead the evolution of the next generation of on-chain financial systems. Host Moonlight: Thank you to our three guests for their insightful discussion. I see a clear consensus here: the competitive barriers for on-chain perpetual contract platforms are no longer limited to product features themselves, but also include the comprehensive advantages formed by multiple factors such as mechanism design, liquidity, market structure, and continuous listening to the community and iterative optimization. Next, we'd like to delve deeper into a topic: Have major projects begun supporting RWA assets? As we all know, RWA is a very hot sector in this cycle. What are your views on the role and importance of RWA in reshaping the DeFi ecosystem? Ken — Helix : Helix currently supports various RWA-related trading markets, covering stocks, commodities, forex, and other non-cryptocurrency assets. On Helix, stock and commodity perpetual contracts are typical examples of natively migrating traditional financial markets on-chain. Helix maintains good liquidity and depth in these RWA markets, making it one of the few multi-asset trading platforms currently available on-chain. From Helix's perspective, the RWA (Retail Asset Trading) sector has considerable long-term growth potential. Globally, there are a large number of users who wish to trade traditional financial assets but are limited by regulatory or geographical constraints—such as investors who want to trade Apple and Tesla stocks, or users interested in pre-IPO assets like OpenAI and SpaceX. They all hope to participate through the RWA market. Another example is Helix's launch a few months ago of the first derivatives market tracking the rental price index of the NVIDIA H100 graphics card. This fully embodies Helix's philosophy of "putting all assets on-chain." We don't want RWA to be limited to stocks, but rather to expand it to more diversified forms of financial derivatives. Looking ahead, we hope Helix can become the preferred platform for decentralized commodities or forex trading. Amber — Aster​ For Aster, we have already launched tokenized stocks, including several mainstream assets such as Apple and Tesla, as well as assets such as gold (XAU). We are constantly trying to list more traditional financial assets because, for Aster, it is not just a PerpDEX, but a one-stop trading platform across the entire blockchain. Therefore, asset diversity is crucial, and RWA is a core cornerstone. From my personal perspective, on-chain stocks and RWA assets significantly lower the barrier to entry for users. Once these assets are on-chain, their accessibility will be greatly improved, and both the assets themselves and the markets they target will gain broader liquidity. Furthermore, certain RWA assets possess genuine interest-bearing capabilities. This is particularly important in DeFi—what we often refer to as "real yield." Users who experienced the DeFi Summer may remember the frenzy for high returns, only to later discover that it came at the cost of overdrawing token value. Assets like RWA, backed by real underlying interest, can inject real yield sources into the DeFi sector after being put on-chain, and are expected to become incremental assets for the next phase of DeFi. From Aster's perspective, we have been actively seeking and promoting the integration of various RWA assets. At the same time, we place great emphasis on the compliance and security of asset listings to ensure that user transactions proceed smoothly. Therefore, we continue to explore diverse RWA and equity asset listings, striving to expand the boundaries of on-chain finance in a stable manner. Host Moonlight : Thank you for sharing, that's fantastic! Building a one-stop trading platform undoubtedly brings great convenience to users. RWA assets, especially US stocks and gold mentioned by the speakers, are becoming new traffic entry points and differentiated growth points in the Perp DEX field. Next, we'd like to explore a question in more depth: Liquidity is the lifeblood of all trading platforms. In the current market environment, many believe the pace of this bull market is difficult to predict. We would like to ask the experts here: what specific strategies or mechanisms do you have to share with our audience regarding attracting and retaining deep liquidity in the long term? Ken — Helix : For any trading platform, liquidity is absolutely crucial. Helix's approach is to combine ecosystem-level liquidity depth with the platform's own liquidity mechanism to build a relatively complete system, thereby maintaining liquidity depth in the long term. From an infrastructure perspective, Injective has a built-in exchange module, and Helix is technically deeply integrated with this module. This module comes with a full-chain order book matching system, giving Helix a natural advantage in liquidity matching. When users trade on Helix Markets, they can interact with Injective's Exchange module to allow all INJ-based DeFi projects to share liquidity. In addition, Injective provides other incentives to support liquidity. For example, Helix directly provides Injective with an "Open Liquidity Program," which introduces deep, programmatically incentivized liquidity to multiple trading platforms. This mechanism allows Helix to maintain high trading volume and tight spreads in various market environments, providing traders with a stable trading experience even during periods of heightened market volatility. Building upon its ecosystem liquidity, Helix has also launched its own market-making robot incentive mechanism, designed to reward market-making robots that maintain liquidity and stability. These robots provide a relatively stable algorithmic liquidity foundation for the platform, and their behavior patterns are similar to incentivizing a group of small, professional market makers, keeping them committed to the Helix platform long-term, thus helping to maintain overall health. It's worth noting that ordinary users can also participate in the program without any barriers. Simply visit the "Liquid Pool" BOT page on the Helix website or app, hold the corresponding assets, or even just one asset, to join and earn incentives in real time. Finally, in its future product roadmap, Helix will launch a significant liquidity upgrade program – which we call the "Mega Vault". This mechanism will integrate existing liquidity incentives to build a more structured and transparent reward system, emphasizing returns based on genuine contributions and utility. Amber — Aster​ Regarding liquidity, there is a core concept: it cannot be generated solely through short-term subsidies, but needs to be naturally attracted by building a healthy and positive market structure. Let me give you an example: Aster currently uses an order book model, relying on professional market makers to provide liquidity. But this is essentially a chicken-and-egg problem—without sufficient user trading volume, even professional market makers will have reservations about providing liquidity. Therefore, our core strategy can be divided into several levels: First, we initiate a "flywheel effect" through early incentives. We provide liquidity incentives to early market makers to help them reduce initial costs, thereby building a basic liquidity environment for users. As users are attracted by a good trading experience and trading volume increases, market makers will naturally be more willing to provide better liquidity depth, thus forming a positive cycle. Secondly, we provide robust trading infrastructure for professional teams. We continuously optimize our native API interfaces and various trading parameters to ensure that our partner market makers can quote prices and place orders more efficiently and accurately, thereby providing users with deeper order books and a more stable trading environment. Third, we will design a long-term ecosystem binding and incentive system. We hope that professional liquidity providers will not only come to trade, but also stay in the ecosystem long-term. This will be related to our upcoming independent public chain—we will design mechanisms that allow professional liquidity providers and even all token holders to participate more deeply in ecosystem building. This effectively completes a transformation from "simple liquidity providers" to "ecosystem identity binders." Once this identity binding is achieved, as Mr. Block mentioned before, users will recognize the platform's "DNA," and they will stay here for longer. Finally, while our current order book liquidity is still dominated by professional market makers, we are also developing a liquidity solution that doesn't rely entirely on a professional team, as we explore listing new assets. Please follow our official Twitter account; we will be launching this new solution to the market as soon as possible. Host Moonlight : Overall, PerpDEX's liquidity development has clearly evolved from an early short-term reward model to a more structured and sophisticated system design. Next, we'd like to ask the experts to elaborate further from a product perspective: Could you elaborate on what new features will be launched in the future to help traders operate more conveniently? For example: Will you launch trading robots, especially intelligent tools that incorporate AI technology? Are there any plans to develop a copy trading system or portfolio analysis functionality? Will there be a major upgrade in the mobile experience? After all, many users are now "smartphone addicts" and it's not convenient for them to sit in front of a computer for long periods of time. Could the teachers please share what new features will be launched soon? Ken — Helix : Currently, Helix is simultaneously developing multiple products, with the core goal of providing traders with a more complete and seamless trading experience. For example, our data dashboards, trading robot integration, and portfolio analysis capabilities have become important components of the Helix ecosystem. We will continue to iterate and optimize these existing modules. Currently, one of Helix's key development directions is to comprehensively improve the mobile experience—as the host just mentioned. We've noticed that more and more users are accustomed to trading anytime, anywhere. Therefore, we've recently invested heavily in mobile development, including optimizing page loading and interaction speed, simplifying interface hierarchy, and ensuring that multi-asset trading scenarios are clearly presented even on mobile phones, allowing users to quickly complete opening positions, adding or reducing positions, and various risk control operations on a small screen. Our goal is very clear: users can manage all their positions, track markets, and execute orders on their mobile devices without relying on a PC. In the future, Helix will also introduce AI technology to enable the platform to support more efficient AI trading robots and user-defined strategies, providing users with an experience comparable to any centralized trading platform. In summary, our primary principle remains consistent: to enable traders to enjoy a high-performance, information-dense, and convenient on-chain trading experience, anytime, anywhere, on any device. Amber — Aster​ First of all, our mobile application is now available for download and use. Mobile has always been a key focus for us. Secondly, we recently launched the AI Arena campaign. Many developers and teams are already building various trading tools on Aster, especially given the current focus on AI trading strategies. Through AI Arena, we've collaborated with ecosystem partners to select and introduce a number of high-quality AI strategy tools, which users can now use for trading on the Aster platform. We hope that through such collaborations, we can continuously introduce more mature and excellent products from the ecosystem to traders. Third, at the product level, our top priority is our independent public blockchain. It's important to note that this blockchain is not a complete ecosystem blockchain, but rather designed specifically to serve the order book system. Our goal is to achieve a high-performance trading experience comparable to centralized exchanges, while ensuring full transparency and verifiability of on-chain data. For traders, this means you can enjoy performance and smoothness on par with CEXs while maintaining complete control over your own data. This will be the core focus of our next step. Host Moonlight : Currently, a large number of traders still primarily use centralized trading platforms. However, as Amber emphasized, PerpDex's smoothness is now comparable to that of CEXs. So, what are the reasons that are prompting a wider range of users to shift to on-chain trading, or at least allocate a portion of their assets on-chain? Ken — Helix : I believe that for traders who are already accustomed to using CEXs for high-frequency trading, switching to Helix or other decentralized perpetual contract platforms means that they can obtain full self-custody and transparent security without sacrificing the trading experience. All order placement, position updates, and liquidation related to perpetual contracts must be completed publicly on-chain. This is crucial because it means there is no "black box" matching process, no unseen internal counterparties, and no additional risks. Black swan risks that have existed in some centralized trading platforms or institutions in the past—such as unilaterally frozen withdrawals, platform service interruptions due to regulatory or compliance issues, or operational failures—even some large platforms have experienced similar situations—may be tolerable for spot trading, but for contract trading, such risks are completely unacceptable. Looking back at the market over the past year, it's easy to find relevant cases, whether it's hacking attacks or so-called "network outages"—such incidents are commonplace. Even if some platforms offer compensation afterward, the process is extremely lengthy and rarely covers all losses. For perpetual contract traders, a single price spike can wipe out months or even years of accumulated profits. For high-frequency or heavy traders, these risks constitute real, albeit invisible, counterparty risk. The core value of on-chain transactions lies in solving this problem by eliminating single points of trust and single points of failure: users' assets are always kept in wallets under their own control, the trading and settlement logic is clearly defined by smart contracts and is publicly verifiable, and the platform cannot arbitrarily change users' positions or restrict asset withdrawals. Furthermore, the on-chain ecosystem's airdrops and other benefit mechanisms provide traders with additional returns that are difficult to obtain on centralized platforms. On Helix, users can enjoy transparent and self-custodied security, as well as share in the potential rewards brought about by the growth of Helix and the entire Injective ecosystem. I believe that the combination of these two aspects—a trading experience comparable to CEXs and the unique security and profit opportunities on-chain—is the most attractive advantage of on-chain trading at present, and it is also the core reason and vision for encouraging everyone to gradually migrate to on-chain. Amber — Aster​ Ken has already covered many key points, and I would like to add a few more: First, from Aster's perspective, we are committed to providing an experience virtually indistinguishable from centralized exchanges. The logic behind this is clear: CEX trading processes are already highly optimized for user experience, and most users are already accustomed to them. What we are doing is providing users with a one-stop, KYC-free on-chain trading platform without sacrificing this smoothness. We hope that users will not have to sacrifice trading efficiency when they switch to on-chain. Secondly, why should users shift from centralized to decentralized exchanges? Besides the fundamental advantages such as no KYC, self-custody of assets, free deposits and withdrawals, and trading transparency, a key point lies in the speed and flexibility of listing new assets. For centralized exchanges, listing new assets typically involves a lengthy and cumbersome approval process. Decentralized exchanges, on the other hand, are different—as we've seen, the reason why DEXs like Uniswap and PancakeSwap have seen continuous growth in trading volume and attracted more and more users is precisely because they can list new assets much faster. The same applies to Aster. We continuously explore ways to accelerate the listing process of new assets, enabling users to trade some assets on our platform even before they are listed on centralized platforms. This is one of the reasons why more and more users are starting to pay attention to and use on-chain perpetual contract platforms: you can access emerging assets earlier, and the earlier you participate, the greater the potential opportunities often are. Host Moonlight: In my view, the future trend isn't necessarily a choice between "on-chain" or "centralized," but rather a parallel approach. More and more users will gradually migrate their financial exposure to on-chain. For example, when I first entered the industry, I mainly used centralized trading platforms, but after this cycle, I started trying decentralized platforms, and the experience was excellent. Now I use both. This may be a viable path for PerpDEX to achieve user growth. Since we're discussing growth paths, we must address how to attract users. In the last cycle, many people achieved considerable profits by participating in airdrops, attracting a large number of users and even giving rise to professional studios and "airdrop hunters." However, users inevitably experience fatigue, especially when they encounter situations where they are "airdropped" themselves. I'm curious how the teachers designed the airdrop mechanism to avoid attracting only short-term users who just want to grab freebies, and instead truly convert the rewards and activities into high-quality, highly loyal users who stay long-term? Ken — Helix : This is indeed a perennial topic in blockchain projects—how to ensure the fairness of airdrops and incentives. I would like to introduce Helix's current approach to incentive design from two aspects. First, there's the open liquidity incentive program built on the Injective blockchain. Anyone who provides liquidity on Helix through a liquidity pool bot can earn corresponding trading incentives. Users can view their available incentive amounts in real-time on Helix's liquidity rewards dashboard, based on the activity and market depth of the supported trading pairs. Secondly, Helix has also established its own points system, but it is fundamentally different from the common "get it and go" model in the market. We adopt a multi-round, continuous accumulation "hidden accumulation" mechanism, which has several common characteristics: it encourages users to conduct real transactions on Helix, maintain continuous interaction, and even if some perpetual trading positions are liquidated, users can still earn points as long as they remain active during market fluctuations. For Helix, genuine engagement is far more important than artificially inflated transaction volume. Therefore, we haven't deliberately created overly quantifiable rules for inflating transaction volume. Overly explicit rules can easily lead to strategic arbitrage, resulting in industrialized volume manipulation and monetization. While the data may appear impressive on the surface, it actually damages the long-term value of the product and ecosystem—users are merely "pretending to use the product," not truly remaining engaged. At Helix, we assess the effectiveness of our points program by comprehensively evaluating user activity and actual trading behavior, focusing more on the quality of participation rather than simply piling up TVL or trading data. Therefore, Helix's points system is designed around real trading and real behavior, aiming to incentivize, align, and reward genuine traders, not short-term arbitrageurs. Amber — Aster​ Regarding incentive design, Aster focuses on two core aspects: behavioral quality and identity binding. Firstly, regarding the quality of behavior, unlike many trading platforms that rely solely on trading volume for rewards, we don't just focus on volume as a single metric. We comprehensively evaluate multiple dimensions, such as whether users maintain stable positions and whether they engage in continuous trading. Essentially, we observe and recognize each trader's genuine participation on the platform from a more holistic perspective. The quality of behavior itself is the core basis of our incentive system. Secondly, we emphasize identity binding. We aim to build a value-driven incentive ecosystem, rather than a one-off event. Aster's goal is not only to attract users through events, but also to transform users into long-term, high-quality participants through close interaction and cooperation with the community. The logic behind this is clear: as you've probably noticed, Aster's product iteration speed has been incredibly fast since TGE, and we're constantly optimizing and updating. Users may initially learn about us through events like airdrops, but we want them to feel that we truly value their voices after they actually trade and provide feedback. By actively responding to user feedback and rapidly iterating on the product, we hope users can grow alongside Aster. In fact, some early airdrop holders have already felt this over the past two or three months. I also hope that new users, through this close interaction during their participation in the community and activities, can feel that we genuinely want to retain everyone and work together to build a truly complete and mature on-chain trading platform with an experience comparable to CEXs.

Author: PANews

2025/11/25

DOJ Tries To Block Elon Musk Testimony In USAID Lawsuit

DOJ Tries To Block Elon Musk Testimony In USAID Lawsuit

The post DOJ Tries To Block Elon Musk Testimony In USAID Lawsuit appeared on BitcoinEthereumNews.com. Topline The Justice Department requested a judge to stop the deposition of former Department of Government Efficiency head Elon Musk in a lawsuit accusing him of spearheading the effort to eliminate the US Agency for International Development. Musk was a special government employee for the first five months of President Donald Trump’s second term. (Photo by Kevin Dietsch/Getty Images) Getty Images Key Facts The lawsuit filed by current and former USAID employees and contractors claims the Department of Government Efficiency, which was once led by Musk, canceled government contracts, slashed the agency’s workforce and shuttered its headquarters without congressional approval, allegedly violating the separation of powers. The Justice Department filing, which was first reported by Bloomberg, argues against the deposition of Musk and two former USAID officials, Peter Marocco and Jeremy Lewin. The Justice Department cited limitations on having executive branch officials testify in court, arguing the depositions can only be required in exceptional circumstances. “Plaintiffs have not made—and cannot” prove there are exceptional circumstances, the Justice Department wrote, saying “a protective order is warranted.” The USAID employees suing DOGE also accuse Musk of using authority outside his scope as a special government employee, a designation he had for the first five months of the year. The plaintiffs are seeking to restore USAID’s functionality and want damages for harm done to their careers and financial security, aiming for an injunction that declares DOGE’s actions against USAID as unconstitutional. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. What Is A Special Government Employee? Musk’s role and powers as a former special government employee will likely be an important crux in deciding the lawsuit. The Justice Department defines the…

Author: BitcoinEthereumNews

2025/11/25

Chainlink News: Chainlink Powers Perpl Markets with Full Oracle Integration

Chainlink News: Chainlink Powers Perpl Markets with Full Oracle Integration

Perpl Trade, a leading DEX on Monad, adopted Chainlink as its official oracle solution. This ensures robust mark price calculations and enhanced reliability. Perpl Trade, a leading perpetual decentralized exchange (DEX) on Monad, has adopted Chainlink. This makes it their official oracle solution in the entire markets. Chainlink Data Streams and DataLink provide sound mark […] The post Chainlink News: Chainlink Powers Perpl Markets with Full Oracle Integration appeared first on Live Bitcoin News.

Author: LiveBitcoinNews

2025/11/25

Ethereum Price Signals Bullish Rebound Amid Rising Odds for a 25bps Fed Rate Cut in December

Ethereum Price Signals Bullish Rebound Amid Rising Odds for a 25bps Fed Rate Cut in December

The post Ethereum Price Signals Bullish Rebound Amid Rising Odds for a 25bps Fed Rate Cut in December  appeared first on Coinpedia Fintech News Ethereum (ETH) price has signaled a market reversal in the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $352 billion, surged over 5% on Monday, November 24, 2025, to trade at about $2,922 during the mid North American trading session.  Ethereum Price Eyes New ATH Soon After a heavy bloodbath last …

Author: CoinPedia

2025/11/25

Recommended by active authors

BitcoinEthereumNews
BitcoinEthereumNews
1326Articles
PANews
PANews
503Articles
Coinstats
Coinstats
220Articles
Coindesk
Coindesk
218Articles

Related Tags

#Oracle#Brifge#Yield-Farming#Basis-Trading#Prediction-Market#Launchpad#Liquid-Staking#Lending#DePIN

Latest Articles

Perp Traders Prioritize Capital Efficiency As On-Chain Infrastructure Matures

Perp Traders Prioritize Capital Efficiency As On-Chain Infrastructure Matures

2026/02/08 19:45
Risk-Aware Traders Favour Structured Liquidity Models As Leverage Demand Expands

Risk-Aware Traders Favour Structured Liquidity Models As Leverage Demand Expands

2026/02/08 19:40
Rules, How to Play & Strategy Tips for 2026 Beginners

Rules, How to Play & Strategy Tips for 2026 Beginners

2026/02/08 19:20
Renowned Author Robert Kiyosaki Addresses Controversy Over Bitcoin Statements

Renowned Author Robert Kiyosaki Addresses Controversy Over Bitcoin Statements

2026/02/08 19:15
Vitalik Buterin Warns Crypto Innovation Should Not Abandon Its Original Principles

Vitalik Buterin Warns Crypto Innovation Should Not Abandon Its Original Principles

2026/02/08 19:10