Top 7 Emerging CeDeFi Exchanges / Platforms to Watch in 2023


We often view cryptocurrency and traditional finance as competing with each other, which is not the case. The only major difference between the two ecosystems is the decentralized version of the architecture in crypto. Legacy financial ecosystems, on the other hand, feature a centralized approach. In its current form, cryptocurrencies feature both centralized and decentralized projects such as financial instruments, performance platforms, and CeDeFi exchanges.

New innovations have seen the release of solutions with a co-dependent system that integrates Centralized Finance (CeFi) with Decentralized Finance (DeFi). This combined innovation, known as CeDeFi, is making a splash in the cryptocurrency market, with a number of emerging CeDeFi platforms gaining traction. While Binance was one of the first entities to explore CeDeFi, there are now several platforms that cater to the CeDeFi market.

we have prepared a CeDeFi Exchange List full of some of the best CeDeFi exchanges in the current market.

CoinZoom

US-based cryptocurrency trading provider

CoinZoom is based in the United States, with the goal of presenting a one-stop-shop that supports cryptocurrency trading and the actual use of digital assets. As a regulated exchange, CoinZoom allows users to invest in more than 30 listed tokens and offers a Visa debit card to spend on cryptocurrencies.

CoinZoom is now serving users in more than 192 countries. It also provides access to different financial products depending on the customer’s country of origin. Zoom holders can get additional benefits such as access to VIP programs and discounted rates.

CoinZoom also focuses on cryptocurrency regulations and has registered as a money services business through FinCEN. For its US users, it offers Federal Deposit Insurance Corporation (FDIC) insurance, which covers up to $250,000 in deposits. It primarily houses its user assets in cold storage facilities that are offline, reducing the risk of theft. Users can also set up two-factor authentication to secure their personal belongings.

CoinZoom bridges the gap between traditional finance and cryptocurrencies through its native ZOOM token. Users can generate passive income by staking ZOOM by supporting Algorand and Dash.

Unizen

a hybrid crypto exchange

Unizen is an exchange ecosystem that combines infrastructure involving centralized and decentralized elements. Considered a pioneer in its field, this savvy exchange aims to solve liquidity issues, slippage, and KYC hurdles. It is one of the currently emerging CeDeFi projects that seems to be gaining ground among investors and traders.

Unizen has formed different partnerships with notable entities like AllianceBlock to resolve liquidity complaint issues. Unizen is ready to launch multi-dynamic engagement features. All this will allow users to search a wide range of cryptocurrency products.

Unizen has a hybrid exchange with three main components: Unizen custom logic, third-party modules, and Unizen modules. Unizen modules contain embedded products, such as the platform’s CEZ, while third-party modules support DeFi integrations. The custom logic is responsible for hosting additional trading functions such as social sentiment indicators and a cross-chain trading aggregation algorithm.

Unizen owns the code for its powerful trading engine. This allows you to take advantage of ecosystem-wide sharing functionalities wherever it makes sense. The Unizen business aggregator is a crucial element at the core of your operating system.

nexus

a DAO powered CeFi exchange platform

Nexo is originally a CeFi company that offers a wide range of products, including a utility token, NEXO, an exchange, and card lending services. It is powered by Decentralized Autonomous Organizations that allow token holders to vote on future developments. Nexo’s primary goal is to bridge the gap by providing DeFi developers with the ability to create regulatory-compliant innovations.

Nexo provides DeFi innovations with a regulated building ecosystem through expertise, licensing, and industry connections. While Nexo is primarily centralized, its CeDeFi solutions can support regulated DeFi innovations.

Nexo’s CeFi business offers DeFi technologies through a regulated construction ecosystem thanks to its know-how, industrial relationships and licences. These CeDeFi solutions allow controlled DeFi developments while the project keeps its aspects centralized.

ByBit

an ecosystem focused on CeDeFi

ByBit is another exchange that offers its centralized products in a more decentralized way than others. This allows users to experience a more CeDeFi-centric ecosystem that builds around the platform’s existing products. ByBit is supported by CEO BenZhou in his efforts in the CeDeFi domain.

Typically, ByBit is a cryptocurrency derivatives exchange that sells Ether and Bitcoin futures. It has a diverse user base that is mostly based in Asia. ByBit offers users two options: the first is to follow legacy financial standards, and the other is to develop decentralized products.

ByBit is different from most of its peers in that its product offers perpetual swap futures. They differ from a normal futures product in that they do not have an expiration date. It currently offers perpetual trades in Bitcoin, EOS, Ether, and Ripple XRP. While their supply is limited, these products cannot be easily found on other exchanges or trading platforms.

Binance Smart Chain

Binance’s own CeDeFi architecture

Known as one of the leading crypto exchanges globally, Binance is quite a ways ahead with its CeDeFi offerings and is one of the main CeDeFi platforms in existence. Binance recently launched the Binance Smart Chain which allows DeFi developers to integrate with decentralized projects. BSC now hosts several DeFi projects leveraging centralized and decentralized elements.

The Binance smart chain was one of the first attempts to delve into CeDeFi dominance. This has helped it become one of the largest networks with its proprietary exchanges, stablecoins, derivatives, cross-chain protocols, NFTs, insurance, lending protocols, yield farming, oracles, and more.

Binance Smart Chain has become a hub for DeFi natives and has started to compete with Ethereum in daily volumes. However, some members of the crypto community are still skeptical about its CeDeFi architecture.

intelligent

a true loan service powered by CeDeFi

SmartFi is a CeDeFi cryptocurrency lending service that is integrated with several traditional financial institutions. It links its native token, SmartFi USD, to the value traded on the network using an on-chain hedging mechanism. SmartFi provides a mineable stablecoin that can be returned for a full refund of the purchase price in fiat.

SmartFi’s financial model beats bank interest rates. It is also more reliable than liquidity mining, staking, and yield farming. SmartFi raised over $10 million in the first few weeks to the end of 2021 and has been able to maintain a stable market value despite market fluctuations.

ChangeX

a CeDeFi ecosystem

ChangeX is a hybrid DeFi project that completed its ICO this year. It features a CeDeFi ecosystem that merges crypto, DeFi, and banking under one roof. At the center of the ecosystem is the non-custodial ChangeX wallet. It represents true composability by featuring all the tools needed to navigate the DeFi space. Some of the features it possesses include a personal IBAN and SEPA integration, cross-chain functionality, a crypto visa card, and leveraged stake.

The native CHANGE token is based on an HRC20 token and is deflationary. The token acts as a bridge between the end user and the blockchain networks by allowing cross-chain operations. It is also responsible for creating synergy between stablecoin lending and staking. The exchange releases CHANGE tokens to those who stake PoS assets in the app. The expected APR of this feature is between 65% and 80%.