Trading Notes | Centralized and Decentralized Exchanges
① Uniswap launched on Ethereum in November 2018 and was one of the earlier decentralized exchanges to adopt AMM. $UNI is the protocol’s governance token.
② On a CEX, on-chain transfers generally occur only when depositing or withdrawing. Trades within the platform simply change the balances recorded by the platform.
③ Before swapping tokens on a DEX, verify the token contract address and pay attention to slippage settings and approval amounts. Don’t rely on the name alone.
$BNB 752.61 (+0.72%)
#BNB
NFA. Do your own research.
① Uniswap launched on Ethereum in November 2018 and was one of the earlier decentralized exchanges to adopt AMM. $UNI is the protocol’s governance token.
② On a CEX, on-chain transfers generally occur only when depositing or withdrawing. Trades within the platform simply change the balances recorded by the platform.
③ Before swapping tokens on a DEX, verify the token contract address and pay attention to slippage settings and approval amounts. Don’t rely on the name alone.
$BNB 752.61 (+0.72%)
#BNB
NFA. Do your own research.
