Ecosystem
DEX/CEX
Scenium’s platform is designed to offer users the flexibility to trade their assets through both Decentralized Exchange (DEX) and Centralized Exchange (CEX) functionalities. This dual-exchange model provides the best of both worlds, enabling users to choose the trading environment that best suits their needs, preferences, and risk tolerance.
Decentralized Exchange (DEX)
The DEX functionality on the Scenium platform empowers users to trade assets directly with one another on a peer-to-peer basis, without the need for an intermediary. By leveraging smart contracts and blockchain technology, the DEX offers enhanced security, privacy, and control over assets. Transactions on the DEX are executed directly between users’ wallets, ensuring that they maintain full custody of their funds throughout the trading process. This decentralized approach not only mitigates counterparty risk but also fosters transparency and trust, as all transactions are recorded on the blockchain.
Centralized Exchange (CEX)
For users who prefer a more traditional trading experience, Scenium also offers CEX functionality. The CEX provides a user-friendly interface, higher liquidity, and faster transaction times, making it ideal for those seeking a more streamlined trading experience. The centralized nature of the CEX allows for easier access to advanced trading tools, margin trading, and customer support. Additionally, the CEX is backed by robust security measures, including cold storage of assets and comprehensive compliance with regulatory standards.
The integration of both DEX and CEX functionalities within the Scenium app ensures that users can switch between decentralized and centralized trading environments effortlessly. Whether prioritizing security and control or seeking liquidity and ease of use, Scenium’s dual-exchange model provides a comprehensive and flexible trading experience. This flexibility positions Scenium as a one-stop-shop for investors, catering to a wide range of trading preferences and requirements.
On the centralized end, Scenium follows strict custody regulations that provide investors with safety that their assets are protected.
Centralized trading provides a smoother experience for investors that are not fully adapted to using self custody wallets, and that will initiate the trading process using FIAT. For those investors, having a wallet address within the Scenium application adds a layer of comfort and makes for a better experience and transition from the traditional trading and financial world to the decentralized trading and financial world.
Scenium will provide custody and centralized trading services following applicable regulations, most notably Canadian regulations where the company is headquartered.