The Future of CeDeFi in 2024: Key Platforms CoinZoom, Unizen, and ChangeX

• CoinZoom integrates traditional finance with crypto, offering services like a Visa debit card and FDIC insurance for U.S. users.
• Unizen’s hybrid exchange ecosystem addresses liquidity and KYC issues, making it a key player in CeDeFi.
• ChangeX combines crypto, DeFi, and banking with features like a non custodial wallet, and leveraged staking.

In a maturing finance space, centralized decentralized finance is emerging as a model that aligns the best of both finance. These platforms offer security and user friendly interactions while offering the benefits of decentralized finance.

While Binance was one of the first on CeDeFi, there are now many platforms that offer the same to the market. The best three include:

CoinZoom

CoinZoom, a U.S. based regulated exchange, aimed  to create a platform for cryptocurrency trading and the real world use of digital assets. It supports over 30 listed tokens and offers a Visa debit card for crypto spending. Serving users in over 192 countries, CoinZoom provides various financial products tailored to customers’ locations. 

CoinZoom checks on cryptocurrency regulations, being registered as a money services business through FinCEN. For U.S. users, it offers FDIC insurance covering up to $250,000 in deposits. The exchange secures user assets in offline cold storage to reduce theft risk, and users can enable two-factor authentication for added security. Additionally, CoinZoom bridges traditional finance and crypto, allowing users to stake ZOOM to generate passive income while supporting Algorand and Dash networks.

Unizen

Unizen is a pioneering exchange ecosystem that integrates both centralized and decentralized infrastructure. It addresses key challenges like liquidity, slippage, and KYC hurdles, making it an attractive option for investors and traders in the emerging CeDeFi space. Unizen has established partnerships with entities like AllianceBlock to enhance liquidity solutions and is set to introduce multi-dynamic staking features, broadening the range of cryptocurrency products available to users.

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The platform’s hybrid exchange is built on three key components: Unizen’s custom logic, third-party modules, and Unizen modules. The Unizen modules include in-built products like CEZ, while third-party modules facilitate DeFi integrations. The custom logic powers advanced trading features, such as social sentiment indicators and a cross-chain trade aggregation algorithm. Unizen’s proprietary trade engine code enables efficient swapping across its ecosystem. The Unizen trade aggregator serves as a core element in the platform’s operating system, enhancing overall functionality and user experience.

ChangeX

ChangeX is a hybrid DeFi project that launched its ICO this year, creating a CeDeFi ecosystem that integrates crypto, DeFi, and banking. Central to the platform is the ChangeX non-custodial wallet, offering tools like a personal IBAN, SEPA integration, cross-chain functionality, a crypto Visa card, and leveraged staking. The native token, CHANGE, is a deflationary HRC20 token that facilitates cross-chain operations and synergy between stablecoin lending and staking. Users staking PoS assets in the app receive airdropped CHANGE tokens, with an expected APR of 65% to 80%.