
Trading
Why Bitcoin Trades Differently on Every Exchange
The symbol may look the same, but matching rules, products, fees, depth and account risk make each exchange a different market.
Michael Gu
Category
Articles tagged Crypto Exchanges.

The symbol may look the same, but matching rules, products, fees, depth and account risk make each exchange a different market.

DEX market share has doubled since early 2024, but centralized exchanges still dominate spot and perpetual trading. Compare custody, liquidity, fees, execution and security risks in 2026.