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What Is the Primary Benefit of Decentralized Options Exchanges over Centralized Ones?

Decentralized options exchanges (DEXs) offer non-custodial trading, meaning users retain full control of their funds and private keys, eliminating counterparty risk associated with a centralized entity holding assets. They also offer 24/7 global access and transparent, automated settlement via smart contracts, removing the need for traditional intermediaries.

How Are Smart Contracts Used to Create Decentralized Exchanges (DEXs) for Cryptocurrency Trading?
What Is the Difference between a ‘Custodial’ and a ‘Non-Custodial’ Prime Brokerage Model?
How Does the Non-Custodial Nature of DeFi Options Impact Counterparty Risk?
How Do ‘Decentralized Exchanges’ (DEXs) Differ from ‘Centralized Exchanges’ (CEXs)?