In a previous post, I wrote about how Centralized Exchanges (CEX’s) handle over 98% of all crypto transactions due to their user-friendly platforms. However, the rise of peer-to-peer trading has risen over 10,000% in the past 12 months due to new advancements in Decentralized Exchanges.

It feels like every time I login to Coinbase, I see a “New on Coinbase” notification and it got me wondering: how do new coins get listed on exchanges? Coinbase is one of many Centralized Exchanges, or an exchange that is controlled by a third party to help conduct transactions. These centralized exchanges, also called CEX’s, account for over 98% of all cryptocurrency transactions globally, acting as a gatekeeper for onboarding users into the world of cryptocurrency trading.

Disclaimer: this is a brief Web3 overview and not a comprehensive deep dive!

Disclaimer: nothing in this article constitutes professional and/or financial advice. This is a guideline and framework for Defi and yield farming. Do your own research!