Centralized crypto exchanges like Coinbase and Crypto.com (CRO) come with inherent risks: security breaches, risk of collapse, and potential loss of user funds – as history has sadly shown.
That’s why crypto traders and CRO investors are taking note of Lunex Network (LNEX), a multi-chain, decentralized exchange supporting thousands of assets. Lunex Network is noncustodial, enabling anyone to trade crypto and access DeFi services quickly and easily. Find out why so many are interested.
Is Coinbase a secure crypto exchange?
Offering over 250 crypto coins, Coinbase is the second largest crypto exchange, where millions of enthusiasts flock to trade crypto. Coinbase employs security measures to protect users’ assets and hasn’t experienced any major hacks to date. There have been cases of users being locked out of their accounts, however, or cyber criminals gaining unauthorized access to customer accounts and stealing funds.
The collapse of FTX also reminds us that no centralized exchange is 100% secure. As they say, “Not your keys, not your coins!”, and so the prospect of a decentralized crypto exchange that enables you to swap thousands of crypto assets without handing over your crypto keys offers concrete advantages.
Cronos (CRO) collapses to 2022 lows
Cronos is the native token of the Crypto.com platform, another centralized crypto exchange offering over 360 crypto assets. CRO reached an ATH of $0.96 in 2021. That was a 9,500% price jump from its 2019 lows in the $0.01 region, returning a nearly 98x yield to investors.
Whales have started taking profit, though, pushing CRO down during the bear market as trading activity dried up on centralized crypto exchanges.
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After collapsing to the $0.04 low, CRO refused to surpass $0.18 in the recent bull run and is performing poorly at $0.085 as of press time., meaning the new DeFi crypto exchange token LNEX stands to offer better returns in presale.
Lunex Network (LNEX) tipped to disrupt the DeFi ecosystem
Experts weighed in recently and, after a feature comparison, determined Coinbase and Crypto.com take a backseat to Lunex Network (LNEX). This multi-chain DeFi exchange brings to an end issues of complexity, lack of compatibility, and security risks that crypto exchanges have been sitting with for years.
Lunex Network’s unique competitive advantage is its cross-chain bridge. It integrates over 40 blockchains and supports more than 50,000 crypto pairs, making it accessible to a wider pool of investors. This functionality fosters a more connected DeFi ecosystem, lowering transaction costs when moving assets across different blockchains. It becomes simpler to transfer value and data, delivering exceptional transaction speeds.
The prospect increases when considering the LNEX token. A percentage of revenue from the Lunex Network exchange is put towards token repurchases. These are redistributed to token holders participating in staking, with up to 18% APY in passive income.
Top it all off with the LNEX monster growth potential. With the DeFi market tipped to grow to $507 billion by 2028, Lunex Network is well set to evolve and gain momentum in this massive sector.
The first stage of the Lunex Network presale just kicked off at $0.0012, with analysts predicting a mouth-watering 1,800% return following public release, so the earlier – the better.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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