923 views

3 Hybrid Crypto Exchanges (HEXs) Worth Trying Out in 2023

What do you do when you want the deep liquidity of centralized exchanges (CEXs) but require the security and confidentiality of decentralized exchanges (DEXs)? Some savvy developers from across the globe believe they have the answer – Hybrid Exchanges (HEXs). HEXs borrow aspects from both exchanges’ styles to provide you with a unique combination of options not found elsewhere in the market.

The HEX concept is still fled, but some platforms are beginning to emerge. These platforms incorporate features like a non-custodial approach with the reliability of centralized platforms. However, many of these platforms are still new to the market. For these reasons, you must exercise caution until you have confidence in the technology and the company standing behind it. With that in mind, here are the top 5 hybrid exchanges worth trying in 2023.

NEXT.exchange

The NEXT.exchange is another promising HEX that is worth taking a look at. The platform is registered in the Netherlands and offers users full transparency in company information and executive staffing. You can even communicate with developers and execs directly via their Linkedin pages.

In terms of HEXs, NEXT offers some competitive advantages. For one, the network integrates a fiat gateway that simplifies onboarding for new users. Additionally, the platform introduces a new blockchain to streamline its activities. The NEXT.chain provides DEX capabilities such as community governance and hybrid mining.

Additionally, the new blockchain supports using Masternodes to improve scalability and responsiveness. While the project is still in its infancy, developers have stated that the network will support creating and trading various assets created and deployed on its native blockchain.

Eidoo

Eidoo is a Swiss-based HEX that provides users with a high level of transparency thanks to proprietary technologies such as using a centralized server for matching user-signed orders. Uniquely, Eidoo employs a new strategy to achieve its goals. Specifically, all user funds are kept in personal segregated wallets versus large centralized wallets, as with CEXs.

Additionally, the platform conducts the trading process off-chain before completing the transactions’ final aspects. Notably, Eidoo is an Ethereum-based HEX. As a result, users have access to the entire ERC-20 catalog. This strategy provides users with access to the top DeFi coins.

Another draw for Eidoo is its unique fee structure. There are no fees for makers on the platform. Eidoo has also taken some steps to protect its traders better. For example, all updates must be manually approved before installation. In addition, the network regularly undergoes third-party audits of its coding and funds. All of these factors make Eidoo an up-and-coming option in the HEX sector.

PryvateX

PryvateX seeks to become the one-stop solution for hybrid exchange users. The network offers many helpful options, such as an OTC desk trading feature for large investors. Keenly, PryvateX users enjoy a nice mix of features from both sides of the exchange aisle. As the name implies, the exchange doesn’t require lengthy registrations or personal information.

Additionally, the network supports an excellent selection of fiat currencies. You can even cash out your crypto in twenty-six different fiat options. Furthermore, PryvateX offers users the most popular coins in terms of coin selection, such as Bitcoin and Ethereum. The developers have also stated that an easy-to-use mobile app is in the works.

3 Hybrid Exchanges (HEXs) Worth Trying Out

The HEX sector is still so new that the options are limited. However, these platforms have taken the lead in development and options. In addition, hybrid exchanges offer unique benefits you won’t find anywhere else in the market. For these reasons, there’s a good chance that you will see many more HEXs enter service in the coming months. For now, these platforms are the top performers and offer the most bang for your crypto.

Bitcoin live price
Btc
Bitcoin
$44.009
price
5.51201%
price change
TRADE NOW

As always, DYOR (do your research) and only stick with reputable HEXs to avoid unnecessary losses. If you do that, you will learn a lot and probably secure some healthy ROIs as you venture into the emerging world of HEXs.

Stay up to date with our latest articles

More posts

SMARDEX – A Platform with a New Solution to Defeat DeFi’s Impermanent Loss

The decentralized finance (DeFi) sector is rapidly growing but still faces significant challenges. For example, one of the biggest issues DeFi must address is Impermanent Loss (IL). This is a problem that can have serious consequences for liquidity providers. Today's review will examine how SMARDEX intends to solve the IL problem and end liquidity providers' unjust losses. We'll also look at all the services that SMARDEX offers and examine the project's tokenomics. What Is SMARDEX? SMARDEX is a project intending…

Decentralized Exchanges 2023: Which is the Best Crypto DEX to Trade on?

Market experts believe that the survival and growth of crypto largely depend on decentralization. The good news is that decentralized exchanges, or DEXs, have become highly popular, and the crypto market sees this as an opportunity to save the essence of traditional blockchain. Each decentralized exchange platform has the potential to revive and thrive crypto market. Moreover, each new DEX platform comes with its own set of features. There are several methods to use DEXs and make money.  Decentralized exchange…

Top Crypto Exchanges for Beginners in 2023

Investing in crypto is not as complex as most people think. So if you’re curious and optimistic about the rise of crypto, there is no reason to hold back and dive into it. Remember, it is normal for beginner investors to get caught in the cobweb of endless crypto exchanges. As a beginner investor, your objective should focus on the best crypto exchanges to make the right investment decisions. Whether it’s Bitcoin or Ethereum, cryptocurrencies remain at the forefront in…

What is the Best Cryptocurrency Exchange In The United States?

With multiple cryptocurrencies trading at all-time highs, you're looking for the quickest way to buy some digital assets. But where will you find willing sellers? The answer is on a crypto exchange. There are plenty available to Americans, but they may greatly vary in volume, available cryptos, and regulatory compliance. Today we'll cover three top US cryptocurrency exchanges you should consider for trading. However, first, we'll explain what a crypto exchange is and the main qualities to look for when…

Why Do Exchanges Freeze User’s Crypto Funds?

Try to picture this: you've finally mustered the courage to plunge into crypto. Everything is going right for you. You're mastering the hacks to optimize your investment and are looking forward to a fulfilling experience within the space. Then it happens. You log in to your account and find that you can't access it anymore, let alone transact in it. In a panic, you try customer support to no avail. Next, you can't help asking how you got here. Is it…

Uniswap vs. SushiSwap vs. PancakeSwap vs. MDEX

A quiet battle rages behind the scenes of the decentralized exchange (DEX) community. The recent surge in the decentralized finance (DeFi) sector has driven interest in DEXes to new heights. There are currently a variety of top-performing DEXes in the market. Each platform introduces new features and services based on its technical structure. Here are the differences between the four major contenders in the market - Uniswap vs. SushiSwap vs. PancakeSwap vs. MDEX. Uniswap Uniswap is the largest Ethereum Dapp…

3 Hybrid Crypto Exchanges (HEXs) Worth Trying Out in 2023

What do you do when you want the deep liquidity of centralized exchanges (CEXs) but require the security and confidentiality of decentralized exchanges (DEXs)? Some savvy developers from across the globe believe they have the answer - Hybrid Exchanges (HEXs). HEXs borrow aspects from both exchanges' styles to provide you with a unique combination of options not found elsewhere in the market. The HEX concept is still fled, but some platforms are beginning to emerge. These platforms incorporate features like…

Top 5 Crypto-to-Crypto Exchanges for Intermediate Traders

Finding the right crypto-to-crypto exchange is vital in progressing your trading strategy. Crypto-to-crypto exchanges offer users significant advantages in coin selection and ease of onboarding. In addition, many of these platforms don't support fiat currency trading pairs. As such, they don't require you to undergo intrusive KYC protocols. Nowadays, there are more crypto-to-crypto options in the market. Part of this increase in selection can be attributed to the rising popularity of DEXs (decentralized exchanges). Here are five options that have proven their…

The Best DeFi Exchanges – 2023 Edition

It's no secret that DeFi decentralized exchanges (DEX) are rising. These unique networks provide users with more security, lower fees, and limited privacy options on centralized options. In addition, deFi decentralized exchanges combine the benefits of a peer-to-peer non-custodial approach with the earning potential of DeFi (decentralized finance). For these reasons, they are now more popular than ever.  If you are new to the crypto space, DEXes, or DeFi, there is a lot to unpack. These networks are often less…

The Best Fiat-to-Crypto Exchanges for Beginners

To trade crypto, you must find a reliable and secure fiat-to-crypto trading platform. These exchanges differ from crypto-only platforms in their offerings, requirements, and, most importantly, their ability to convert fiat currency to crypto. In addition, fiat-to-crypto exchanges must adhere to strict regulatory requirements in most regions to accomplish this task. These requirements can make the signup process a bit more tedious and increase consumer protections. Today, fiat-to-crypto trading platforms are very popular. With so many options to choose between,…