Riding on the rise of decentralised finance (DeFi), decentralised exchanges (DEX) have grown in popularity. Emerging as an alternative to centralised exchanges (CEX), there has been talking within the cryptocurrency industry that DEXs represent the future of crypto trading.

Today, we shall explore what constitutes a CEX and DEX, their pros and cons and share our recommendations on which platform to use for trading cryptocurrencies.

CEX, as its name implies, acts as a centralised platform for crypto trading to happen. Its role within the trading ecosystem is similar to that of a bank within an economy.

Acting as the intermediary…

Risk management is the backbone behind every successful trader. This is even more so for the highly volatile cryptocurrency markets.

In trading, the risk is usually defined as the probability of a negative event happening during the trade. A 70 percent risk on a long position would entail a 70 percent chance of the position decreasing in value and resulting in losses.

While there are different types of risk associated with crypto trading, we will be focusing on market risk (the possibility of losses due to factors that affect the overall performance of investments in the financial markets) today.

There…

Due to the speculative nature of cryptocurrencies, social sentiment plays an important role in influencing cryptocurrency prices.

The social sentiment is a way of measuring the emotions behind social media and other online mentions.

For example, when Tesla announced it was purchasing US$1.5 billion of bitcoins, the market displayed a bullish reaction to the news, as judged by the nature of coverage on different media platforms. Consequently, bitcoin prices soared to an all-time high.

While the news of Tesla’s purchase had a significant effect on the crypto market, that is the exception rather than the norm.

Thousands of news articles…

We have received some queries from some members of the public on whether SnapBots Ltd is owned or linked to Torque Group Holdings and its management.

To avoid any apparent confusion, we wish to unequivocally state that Snap Bots Ltd is not in any way owned or linked to Torque Group Holdings and its management.

We are not connected to Torque, and none of Torque's management or personnel are involved with us.

We hope and trust that this clarifies.

For more information on our executive team members, please visit our official site as below:

www.snapbots.io

SnapBots is a BVI registered…

Unless you are on a social media detox, you would have likely heard of the craze surrounding NFTs today.

From digital artist Beeple’s Everyday collection going for US$69 million to Twitter co-founder Jake Dorsey selling his first-ever tweet for US$3 million, NFTs are taking the digital world by storm.

Despite all the hype, what are NFTs and is the excitement surrounding them justified?

Firstly, let us break the term NFT down. NFTs is the acronym for non-fungible tokens. Though it may sound like a mouthful, the concept behind it is relatively straightforward.

According to Investopedia, fungibility is the ability of…

SnapBots is a group of AI bots powered by learning algorithms. It creates buy-or-build financial bots and caters to humans that seek to maintain a self-sustaining bot economy.

SnapBots was founded with the mission to connect users and AI developers. With that goal in mind, it is only right to select those who are passionate, driven, and capable. SnapBots is thrilled to introduce its executive team members.

*NOTE: Our executive team is as listed below. There are no other executive team members other than the below mentioned. Should anyone claim to be a part of our executive team other than…

The importance of having the right psychological approach to trading is crucial for long-term success.

Although trading can be highly quantitative, the relevance of trading psychology should not be overlooked.

Trading psychology can be defined as “the emotions and mental state that help to dictate success or failure in trading securities”. There are generally two different emotions that can alter a trader’s decision-making process — fear and greed.

We will discuss the reasons behind the manifestation of both emotions, their implications and explore how we can leverage technology to deal with them.

There are two main types of fear in…

Picking a good stock to trade can be challenging. With thousands of publicly-listed companies on a single exchange, the plethora of data can be intimidating for a novice trader.

While traders have their preferred strategies and checklists to follow before executing a trade, here are some guidelines to assist you in picking a stock to trade. Besides that, we will explore how technology can assist you in processing the information on exchanges to make rational stock picks.

Firstly, traders should look to monitor the volume index of the stock they are looking to trade. The index measures the volume of…