Based on TheMarketPeriodical, the article outlines essential factors to consider when selecting a centralized exchange (CEX) for trading and investing. It emphasizes the importance of security, including 1:1 Proof of Reserves (PoR), insurance funds, and regulatory compliance. The piece also highlights the need for a smooth KYC process, fast execution, and deep liquidity with a wide range of trading pairs. Bitunix is cited as an example, offering over 3 million users, $5 billion daily volume, and 800 live trading pairs. The article advises traders to evaluate CEXs based on their liquidity depth, order book thickness, and ability to handle large positions without slippage. It concludes by recommending a real-life test of the platform to assess its performance during both calm and volatile market conditions.
Key Factors to Consider When Choosing a CEX for Trading and Investing
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