DEXs and CEXs

One of the most crucial steps of launching your own token is to make sure that it reaches the eyes of millions of organic traders. Just like a traditional stock exchange, the stocks need a marketplace where traders can buy and sell those very stocks. As we’ve understood in the previous chapter, the market maker will simply fulfill all of the buy and sell orders in a timely and professional manner, trying to keep a streamline flow of trades. In the traditional financial world, there isn’t just one stock exchange acting as the main marketplace, there’s an entire plethora of them. Every corner of the world has their very own myriad of them ranging from the infamous New York Stock Exchange (NYSE) or NASDAQ in the United States, all the way up to the Hong Kong Stock Exchange (HKSE) in, you guessed it, Hong Kong. There are indeed many others around the globe and they all differ in tiers, clientele, traders, and the assets they trade.