Trading floors are places where Bitcoin exchange (BTC) is traded with local currencies or other altcoins such as Ethereum, Tether, XMR, etc. Most e-currencies are traded on centralized trading floors, The reason is that its nature is decentralized.
You can see that trading floors are more user-friendly. However, its security is more limited than decentralized decks. Nearly every month there will be a hack where hackers exploit vulnerabilities of centralized trading platforms to steal millions of dollars of coding.
The risk of electronic money is not price fluctuations as most people assume. In the past, most e-currency transactions were usually held on central exchanges like Binance or Bittrex. This trend has been gradually changing as more and more attacks on the trading floors are becoming more and more common.
Trading floor
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Trading on the floor will help users access electronic money more easily, at the same time, creating more liquidity for the virtual currency market.
Although traders do not really own the money they buy using a centralized system, this type of trading is still very popular and successful. Compliance with the AML / KYC has been improved over time, as increased pressure has been put on the legitimacy of the US SEC and other financial institutions.
While the acquisition of legitimacy will be a tremendous advantage, the invisible common legal pressures have reduced the liquidity of ICOs, leading to a situation where many trading floors restrict ICOs. In recent times, it has also reduced the liquidity of the electronic money market in general.
The floor has received a lot of criticism and failures such as hacker attacks, government restrictions or limited customer support, or even more serious system vulnerabilities. This has led to the leak of personal information and the risk of losing money due to malware attacks. Nevertheless, a large number of investors are still trading on the floor due to its outstanding features and ease of use.
Advantages
Users are fully owned by the money they have
The transaction is not related to a third party
Low transaction fees
Anonymity
Can not be hacked
Defect
Not user friendly
The tools and functions are quite basic
The user's device is at risk of attack
From concentration to decentralization
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Centralized and decentralized platforms have certain strengths and limitations. But the future of electronic money will inevitably become decentralized according to its inherent nature, accompanied by confidentiality, anonymity and reasonable transaction fees.
In the past, peer-to-peer transactions have become popular, in the form of sharing music, movies and other file formats, and will now be increasingly popular with electronic money exchanges. . It opens up new possibilities and methods of payment, safer and more profitable.
As one of Asia's largest P2P trading platforms, Remitano offers users a seamless, seamless experience. In addition to dealing with local currencies, we also offer Swap Trading to serve the needs of exchanges as well as create a more secure and friendly electronic money market./.
