Hybrid exchanges are not a new concept. Ever since the introduction of DEXs (decentralized exchanges), developers have sought to combine the benefits of decentralized and centralized exchange protocols. Once you know the top 10 hybrid exchanges for crypto users, you can integrate these helpful platforms into your trading strategy with significant effect.
This new generation of cryptocurrency exchanges is called HEXs (hybrid exchanges), and they are changing the way traders exchange assets. HEXs come in a variety of designs and layouts, with each having unique features. The best HEX will provide the privacy and non-custodial aspects of a DEX (Decentralized Exchange) while integrating the liquidity and regulatory compliance of centralized alternatives. Also, some are standalone platforms, while others are built into Dapps like wallets. Here are 10 of the top hybrid exchanges you need to know.
1. Zengo
Zengo entered the market in 2018 as a flexible alternative to the many CEXs dominating the market at the time. The platform is a popular hybrid wallet option that supports advanced features such as built-in web3 firewalls, an aggregated order book, multi-factor authentication, and much more.
Zengo is a great start because it has a streamlined onboarding process. You can purchase crypto directly using a variety of methods, including credit and debit cards. Notably, the network supports multiple fiat currencies, and you can directly transfer funds from your bank account.
Zengo is ideal because it supports all the top-performing cryptos, and there are even many DeFi (decentralized finance) and NFT (non-fungible token) features. Best of all, there’s no minimum deposit, and it’s free to sign up. If you live in the EU, US, or UK, Zengo is an option to consider.
2. Qurrex Hybrid Exchange
Qurrex is one of the top-performing and most reputable hybrid exchanges in operation today. The network entered service in 2018 as a hybrid alternative focused on enterprise and corporate-level traders. Today, it remains a popular option for brokers, day traders, and other professionals.
Qurrex offers the security of DEXs but integrates a host of CEX-like features to make it ideal for corporations. The network leverages various smart contracts to enable automated trade matching. This high-performance hybrid AMM offers liquidity comparable to CEXs.
Additionally, Qurrex’s focus on ERC-20 tokens provides it with a massive selection of options. The network features a direct fiat onramp and an aggregated order book, which both improve the user experience. Additionally, the exchange supports APIs for automated trading bots and other third-party add-ons. These options make Qurrex an interesting platform for anyone seeking ERC-20 tokens.
3. eCurrex
eCurrex is a reliable and scalable HEX that offers support features in line with today’s most popular CEXs. For example, the network enables high-performance trades over PC or via the intuitive mobile Dapp. The exchange offers full support for secure trading with lower fees compared to CEXs.
Other noteworthy features include a news section to keep you up to date on market developments as they occur. There’s also an academy that makes it easy for you to improve your trading skills. Users can learn advanced trading strategies, such as technical and fundamental analysis, using these helpful guides and tutorials.
eCurrex offers users access to advanced payment solutions, including low-cost international value transfer options as well. There’s even a bill payment center that enables anyone to pay items like light and water bills using cryptocurrencies. In this way, eCurrex blurs the line between exchange and financial management software.
4. Rocketx
Rocketx improves market liquidity and performance by connecting multiple networks securely and seamlessly. The platform entered the market in 2021 as a market aggregator. As such, the software constantly scans other platforms to give traders the best rates for on and cross-chain swaps.
The platform leverages a powerful swap bridge to enable direct p2p token swaps. This approach lowers fees and enables you to manage all of your assets from a single interface. The RocketX interface is vibrant, featuring access to all the data you need to make informed trading decisions.
The HEX supports APIs, so you can use third-party portfolio management systems or trading bots to improve your ROIs. There is even Rocketx Trading Academy to help you learn more about the market and how to leverage the HEX’s features more easily.
5. BinanceDEX
Despite the name, the Binance DEX resembles a HEX more than a DEX. For one, the network is backed by one of the world’s largest and most respected CEXs in the game. As such, it enjoys the full support and regulatory protections a platform of that size requires.
The BinanceDEX shares characteristics with other DEXs in terms of being an open-source, non-custodial option. This DEX is a smart choice for anyone who trades BRC-20 and other popular DeFi tokens. You gain the security of non-custodial options combined with the confidence that Binance won’t scuttle its reputation by providing subpar performance to the market.
6. Nash Exchange
Nash offers a nice blend of DEX and CEX features that make it stand out against the competition. The HEX features an easy-to-navigate interface that makes it a great place for new traders to start. There’s also support for many popular DeFi features, such as staking tokens.
The platform supports direct-from-wallet non-custodial exchanges and is fully compliant with EEA regulations. As such, it’s a great option for trading firms and corporations seeking access to digital assets without risking regulatory bite-back at a later date. Today, the platform offers features ranging from direct trades to portfolio management options.
Nash represents the recent trend of making HEXs all-inclusive blockchain ecosystems. The network features support for swaps, token trades, DeFi, NFTs, and portfolio management services. As such, it’s regarded as a pioneering force in the market by many.
7. Onomy Protocol
Onomy seeks to integrate the FOREX and crypto markets uniquely. This advanced HEX is still in its beta testing stages but continues to secure more users monthly due to its low fees and combination of helpful options.
For example, the network leverages Tradingview, which enables users to create and analyze chart data directly in the platform. The network also integrates a powerful bridge software that allows traders to access assets from other popular networks, including Ethereum, Avalanche, Polygon, and Aurora.
Onomy has low fees because it’s built on the Cosmos blockchain. This structure provides direct interoperability with the growing selection of other Cosmos-based blockchains via the ecosystem’s hub protocol. As such, Onomy remains a popular option for DeFi traders seeking support for unique assets.
8. Apifiny
Apifiny is another enterprise-grade HEX that has seen more users flock to its features. The network offers zero-taker fees to traders and leverages a global order book to keep fees low across the board. The network operates as a HEX AMM, which matches buying and selling orders autonomously.
This structure lowers slippage, which is another massive benefit for DEX users seeking HEX operability. Apifiny offers substantial liquidity to users and remains one of the few compliant HEXs in operation. The network supports a full CEX alongside an algo trading exchange as well.
These options enable the platform to provide top-notch performance, functionality, and transparency without reducing security. Apifiny’s focus on high-end, high-frequency traders makes it a great fit for professionals who require more liquidity and unique features to operate.
9. Atina
Atina is a HEX that leans more towards the CEX side of the equation. As a DEX aggregator, the platform scans a variety of DEXs to find the best pricing for traders. Atina also enables you to connect other exchanges and add them to the aggregation process to fit your needs.
This Solana-based platform has low fees and high performance on par with the fourth-generation blockchain it resides on. The HEX supports multi-exchange trading from a single interface. Specifically, the platform partnered with Binance, Kraken, Gemini, Bittrex, Poloniex, Huobi, Coinbase Pro, Bitfinex, KuCoin, OKEx, HitBTC, CEX.io, Gate.io, OKCoin, UPbit, bitFlyer, BTC Markets, CoinEx, Bibox, and ZB.com.
There are also added features worth mentioning, such as price alerts and portfolio trackers. The Altina platform also supports TradingView charting, which makes it a great option for both new and experienced traders. Users enjoy a host of features that seem more akin to CEXs, such as audited tax reports, minimum latency, and high scalability.
10. 1inch
1inch is a multi-chain DeFi ecosystem that offers HEX functionality. The platform supports a variety of networks, including Ethereum Biannce, arbitrum, and more. This system provides non-custodial direct wallet-to-wallet trading options alongside a host of features usually found on CEXs.
To accomplish its trading, the 1-inch network leverages multiple direct blockchain-to-blockchain bridges. Since the network operates a DEX aggregator, you get the lowest rates pulled from other DEXs. Additionally, there are no withdrawal or deposit fees. 1 inch doesn’t even charge a fee on top of the exchange it uses.
In many ways, 1inch offers a feature set that resembles a CEX in that it supports limit orders and supports a large selection of tokens. There are also many DEX-like options, like liquidity and staking pool options, that enable you to secure passive income.
Finding the Best HEX for You
Finding the suitable HEX that fits your crypto trading strategy can seem like a daunting task. There are lots of options, and many offer a mix of advanced DeFi features that make them seem ideal. Notably, not all of these platforms are reliable or even worth your time. As such, it’s recommended that you stick to reputable options on this list before exploring.
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