World Federation of Exchanges – Cointelegraph

According to a report from the World Federation of Exchanges (WFE), 40% of cryptocurrency trading platforms operate in a decentralized manner and utilize distributed ledger technology. In contrast, the remaining 60% employ central limit order books (CLOBs), resembling the structure of regulated exchange platforms.

The WFE report highlights that there are approximately 500 crypto trading platforms available, each providing a variety of crypto-related products and services. The findings stem from a survey that included multiple crypto platforms, offering valuable insights into both retail and institutional market demands.