A report from the World Federation of Exchanges (WFE) notes that 40% of crypto trading platforms are decentralized and use distributed ledger technology, while the majority (60%) use central limit order books (CLOBs), quite similar to regulated exchange platforms.
The WFE report says there are a total of 500 crypto trading platforms offering various crypto-linked products and services. The survey saw participation from several crypto platforms, offering key insights into retail and institutional demands.
