Lesson 77 of 1,000 · Centralized Exchanges, Binance / Coinbase / KuCoin
#77 Risks Associated With Centralized Exchanges
Hacks, withdrawal freezes, liquidity crises, insolvency. The failure modes of CEXs and how to limit your exposure.
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Key ideas
- Hacks, withdrawal freezes, liquidity crises, insolvency.
- The failure modes of CEXs and how to limit your exposure.
Do it now
- UnlockTrade on an order book anyone can auditHyperliquid runs a fully onchain order book, so every order, fill and liquidation is publicly visible.
- SolutionCheapest way to bridge cryptoBridge once and make that one move pay for many: Currents plans routes that stack on one chain, starting from about 10 dollars plus bridge fees and gas. For USDC, Circle's CCTP moves native USDC with no wrapped token. An exchange withdrawal straight to the target chain can be cheaper still. Skip these: bridging back and forth.
- UnlockBridge in seconds and compare what landsIntent bridges like Across and Relay fill fast with solvers; Jumper compares many routes at once.
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