KardiaChain: Bridging the Gap Between CEX and DEX

KardiaChain wants to offer its users an all-in-one experience that is the best of both worlds.

KardiaChain recently announced the launch of its new exchange, KAIDEX. The goal is to bridge the gap between centralized and decentralized exchanges by taking advantage of KardiaChain’s extensive background in blockchain technology and infrastructure. 

When entering the cryptocurrency marketplace, deciding whether to use a centralized or decentralized exchange is inevitable. They are the center of the crypto universe; billions in digital assets are bought, traded, and sold every day. While both exchanges offer access to a variety of assets, their user experience differs. Investors and traders alike look for an exchange that can provide the best of both worlds: the functionality of a centralized exchange and the wide range of assets offered by a decentralized exchange. 

KardiaChain wants KAIDEX to be that exchange where users can have complete control of their privacy, own their assets, reduce the risk of a security breach, and have a user-centric experience while getting access to a wide range of cryptocurrencies. 

KardiaChain: Bridging the Gap Between CEX and DEX with

Built upon Dual Node technology, KAIDEX is revolutionizing multi-chain swapping, allowing users to swap tokens from any blockchain without requiring the integration of a partner chain to simultaneously access both ledgers of KardiaChain and another blockchain (whether private or public) of choice to enable communication.

Centralized (CEX) exchanges (Coinbase, Gemini, Binance, etc.) are by far the most popular crypto exchanges. They offer multiple currencies, trading options, fast transactions, and easy user experience (mostly) — newcomers may find them appealing due to their user-friendly and optimized UI.

Decentralized (DEX) exchanges (Uniswap, StealthEX, PancakeSwap, etc.) have gained in popularity in DeFi – especially amongst more advanced investors and traders for giving access to a broader range of assets not yet found in most centralized exchanges. But, at the same time, many of these exchanges suffer from poor user experience as there is a steep learning curve for beginners. 

Issues with centralized Exchanges

As it stands, several issues still plague crypto exchanges, particularly centralized exchanges, including security risks, high trading fees, lack of liquidity, poor user experience, and limited trading pairs. Though these issues are not new to the crypto industry, they aren’t addressed to date because as exchanges race to become the next big name in trading and investing, they ignore such crippling problems in the horde. 

An unfortunate side-effect of trying to be the best, a company may cut corners or miss a critical component (security, bugs, interface) and leave themselves open to, at best, complaints, at worst hacks, and cyber attacks. Also, another indication of a rush job is the inability to scale for more customers or the site being taken down at random times to fix issues that arise, which is frustrating for customers and could become the reason for a loss of revenue and goodwill. 

The transaction speed issue is also a concern. Centralized exchanges can process transactions faster because funds are locked in the exchange. Decentralized exchanges may not hold funds, which becomes the reason for slow transactions. While this is negative, having more control of their funds is a trade-off many traders are willing to accept. They don’t mind accepting slower transactions if it means more privacy and control of their transactions and funds. 

So there is a need for an exchange that offers the best of both worlds – access to a wide range of digital assets and trading pairs, liquidity, and security, with an easy-to-use user interface. This may sound like a challenge, but KardiaChain has developed an exchange that aims to become a sought-after exchange for all trading needs.

KAIDEX is the first of its kind in the decentralized exchange market, possessing the capabilities of a completely decentralized cross-chain token trading platform. KAIDEX is the first blockchain to utilize both CEX and DEX’s advantages to deliver “the best of both worlds” for its customers, bringing outstanding features, including:

  • Powerful trading tools: Stop — Market Order and Upcoming Limit Order 
  • Low slippage
  • Fast transfer speed
  • Near-zero low fee
  • Five-second settlement

CTO and Co-founder of KardiaChain, Huy Nguyen, said the team’s objective was to have KAIDEX ready for launch later this year. KAIDEX’s launch comes when decentralized finance is red hot with a lot of customers wanting to get involved. Still, a seamless user experience is necessary to keep users engaged and become a successful exchange. KardiaChain knows it better, which is the primary reason for developing KAIDEX.

KardiaChain – Accessible blockchain for Millions

“KardiaChain’s Team is working hard to build a user-centric platform,” Nguyen said, “we want to bring users the ultimate DEX experience and aim to increase mass adoption of blockchain and crypto with our unique products.”

As the number of individuals entering the crypto space increases, exchanges will need to keep pace and provide the resources they will need and expect. But as those users become more experienced, they will eventually be bored with centralized exchanges and start to look at decentralized exchanges for more exotic assets that may not be available on centralized exchanges. Being able to offer a broad range of assets not only will keep users engaged in the platform but could also go a long way in protecting investors from pump and dumps and scams which tend to flourish on decentralized exchanges.

KardiaChain is the world’s first fully interoperable and non-invasive blockchain platform. Its mission is to bring a competitive edge to enterprises and governments through blockchain technology. It aims to bring hundreds of millions of people onto the blockchain. KardiaChain’s approach is to partner with existing service providers (enterprises and governments) and help them transform their centralized products/services.

Using its patented cross-chain technology, KardiaChain’s Private-Public Blockchain Platform (PPBP) solves the most significant dilemma in blockchain adoption for institutional clients: privacy versus transparency.

The goal of any exchange is to provide the best experience for their customers. A platform that can provide the best of both centralized and decentralized exchanges will be very tempting to investors looking for a change and a better solution for their trading and investment needs. KAIDEX being successful may change the way organizations develop and launch future exchanges.

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